Brazil Wants to Be Paid Not to Raze Amazon

Wall Street Journal: “Brazil’s government, widely criticized by environmental groups as a negligent steward of the Amazon rainforest, has made an audacious offer to the Biden administration: Provide $1 billion and President Jair Bolsonaro’s administration will reduce deforestation by 40%.”

“Supported by some influential scholars and Amazon dwellers, Mr. Bolsonaro argues that the only way to save the jungle is through carbon credits and by financing sustainable economic activities… The request is likely just among the first of many similar to follow as developing nations start to negotiate with industrialized countries about who pays for costly programs to address climate change.”