Politics
Brazil Puts a $10 Billion-a-Year Price Tag on Carbon Neutrality
The country, home to a large portion of the Amazon rainforest, has said it will accelerate its climate commitments if it can get enough support.
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Brazil will set a new goal to zero out carbon dioxide emissions by 2060—or sooner, if it can raise $10 billion a year from other countries.
Under the plan, developed nations can start making payments into a federal government program to protect forests starting next year, Environment Minister Ricardo Salles said on Tuesday. “Brazil is once again showing its commitment to climate issues, to the planet,” Salles said during a presentation to reporters.