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For scandal-ridden carbon credit industry, Amazon restoration offers redemption (news.mongabay.com)

submitted 2 weeks ago* (last edited 2 weeks ago) by wolfyvegan@slrpnk.net to c/climate_lm@slrpnk.net

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As REDD projects around the world face setbacks, restoration projects in the Amazon are flourishing as a means of reviving market confidence in forest-based carbon credits.

In Brazil, the golden goose for restoration, this business model has attracted companies from the mining and beef industries, banks, startups, and big tech.

Federal and state governments are granting public lands to restoration companies to recover degraded areas.

Restoration projects require substantial investments and long-term commitment, face challenges such as increasingly severe fire seasons, and deal with uncertainty over the future of the carbon market.

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