A patchwork of regional legislation and complex rules governing land ownership have so far kept Brazil from cashing in on what could potentially be the world's biggest carbon offset market. The country, home to the much of the planet's rain forest, has struggled to come up with a national strategy to make money protecting its vast ecosystem with projects that Reduce Emissions from Deforestation and Degradation, also known as REDD. Although not an official theme of the United Nations' Conference on Sustainable Development, REDD has been a hot topic this week in Rio de Janeiro, where policymakers from more than 190 nations are meeting to discuss environmental sustainability.
It’s a shame to see a country which has so much potential for forestry success struggle to reap the benefits. Let’s hope, however, with the renewed interest in forestry and plantations as carbon reduction solutions and therefore renewable sources investments, Brazil can begin to truly enjoy their potential. The country has some of the most ideal lands for forestry projects, with fertile soil and constant supply of rainwater and sunshine. Hardwood trees like teak and walnut would do very well in Brazilian soil, and should be looked into as an investment project.
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