The preservation of the Amazon rainforest is vital to addressing global warming, with carbon credits forming a crucial element of this strategy. However, concerns have been raised due to insufficient consultation with Indigenous communities, who play an essential role in forest conservation and must be included in the distribution of benefits from carbon credit agreements. To address this, the government of Pará will commence consultations with Indigenous peoples and other traditional communities regarding the future sale of carbon credits, ensuring their involvement in decisions on benefit sharing.
Valued at $180 million, the deal is part of the LEAF Coalition’s efforts to combat deforestation in the Amazon. Indigenous and traditional communities, such as the Quilombolas, have voiced concerns over a lack of adequate communication. In response, the Pará government and Emergent, the organization coordinating the LEAF Coalition, plan to conduct transparent consultations through statewide workshops before the agreement’s finalization in 2025.
The carbon credit transaction will only proceed following the completion of the consultation process, ensuring all stakeholders are represented and a fair benefit-sharing arrangement is reached.
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