Amazon as a Climate Solution: Challenges and Opportunities for Brazil
The Amazon rainforest, the world’s largest tropical forest, is key to both global and national climate change mitigation efforts. Studies indicate that eliminating deforestation could avoid up to 2.14 gigatons of CO2 emissions in 10 years, generating around US$ 18,2 billions in carbon credits until 2031. Possibilities to tackle the climate crisis also reside on ecological restoration of degraded land in the Amazon rainforest: studies show that restoring ecosystems could lead to capture of 931 million to 1.3 billion tons of CO2. Some studies support that restoration of degraded area, not to mention benefit to local communities and improving of biodiversity.
In spite of all data supporting the importance of the Amazon rainforest to mitigation efforts, deforestation in the biome continues to rise. According to a study published in the journal “Nature” some areas of the Amazon biome already emit more carbon dioxide than they capture. Therefore, as challenges to limiting climate change to 1,5oC intensify, it is key to discuss how Brazil can reconcile conservation and sustainable production, reducing greenhouse gas emissions, increasing carbon capture, bringing out a prosperous Amazon region, to which the good use of forest resources and the well-being of local communities must function as pillars.
Thus, in this panel, members from the civil society and business sectors will come together to discuss the proposals for the integrated development of the Amazon region as a climate solution, including the role of governments in combating deforestation, investments in low carbon agriculture projects, and the restoration of degraded areas, amongst others.