Numerous private Brazilian companies trying to slow the destruction of the Amazon forest are using a large climate conference in New York this week to lure investors to support preservation plans.
Investors are increasingly trying to develop carbon offset credits to help companies and government to meet targets for emissions reductions, which could be a benefit for Brazil.
Roughly 7,943 square km of the Amazon, the world's largest rainforest, was destroyed in the January-to-August period, according to deforestation tracking NGO Imazon. That is the most in 15 years, an area roughly the size of the island of Puerto Rico. Brazil could generate 10% of nature-based global carbon offsets, or around 1 billion tonnes of CO2 per year, according to a study by Boston Consulting Group released this week.
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