Six are the founding members of Biomas, the initiative for the defence of Brazil’s forests presented in Egypt during COP27. They are three credit institutions: Rabobank, Santander Brasil and Itaú Unibanco. And three companies that are often called upon when discussing the exploitation of forest areas: Suzano (paper), Vale mining group and Marfrig meat group. The founding partners are entering Biomas with a stake of 20 million real (about EUR 3.6 million) each. This aim is to establish a protected forest area “as large as the state of Rio de Janeiro”.
The initiative for Brazilian forests
Biomas turns its attention, reports the international press, to all ecosystems in Brazil. To the Amazon in primis, certainly. But, also, those of the Cerrado and the Atlantic forest (pictured). The goal, to be achieved in a 20-year timetable, is to include 4 million hectares of forest in Biomas’ area of influence. Not by purchasing land, but by involving its owners with the incentive of sharing the revenues generated by the sale of carbon credits. The six founders, who presented the initiative during COP27, the international climate summit, are open to the possibility of new members joining the Biomas project.
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