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Brazil Burns Billions of Carbon Credits in Amazon Rout, CEO Says

  • Preserving the forest could earn the nation $10 billion a year
  • Forest destruction accounts for Brazil’s largest CO2 emission
Smoke rises from Brazil's Amazon rainforest outside an indigenous reservation near Jundia in Roraima state.

Smoke rises from Brazil's Amazon rainforest outside an indigenous reservation near Jundia in Roraima state.

Photographer: Dado Galdieri/Bloomberg
Updated on

The world’s biggest wood-pulp producer says cutting down the Amazon makes no business sense.

While Brazil‘s President Jair Bolsonaro defends opening up the world’s largest rainforest to agriculture and mining, the head of Suzano SA said preserving the biome could earn the country $10 billion a year on the carbon credit market.