Brazil Begins to Discuss Possibilities of Profits from Carbon Absorption
O Liberal
October 24, 2000
In the coming years a new commodity will be bought and sold, with an estimated worldwide value of US$ 85 billion, and Brazil is currently in the process of deciding how it will take part. The absorption of carbon dioxide is a property of the Amazon that has the potential to generate great income in the form of compensation for the reduction of atmospheric pollution. The issue will be discussed at length in the upcoming conference in The Hague, in November. Brazil has yet to take a definitive position on whether or not to support the measure, though so far the government has been largely against it.