Politics

Caatinga region to have Brazil’s first carbon credit cooperative


For some time, analysts have pointed to Brazil’s potential to become a major player in the global carbon market. But excessive red tape, gaps in legislation, and an excessive focus on large properties has hindered the country’s progress. Now, one initiative in the heart of Brazil’s Northeast seeks to make the trading of emissions reductions more accessible, creating the country’s first carbon credit cooperative.

The idea for the project surfaced last year through meetings between think tank Centro Brasil no Clima (CBC), environmentalists, and representatives of small landowners in the semi-arid shrubland of the states of Pernambuco, Bahia, Sergipe,…

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