Source: US News & World Report
“Amazon and other companies have agreed to buy carbon offset credits that will support the conservation of its namesake rainforest in the Brazilian state of Para, in a deal valued at around $180 million. Amazon and at least five other firms will make the purchase through the LEAF Coalition forest conservation initiative, which it helped to found in 2021 with a group of companies and governments including the United States and United Kingdom. The agreement is LEAF’s first deal in the Amazon, the world’s largest rainforest, which is vital to curbing climate change because of the enormous amount of greenhouse gas its trees absorb.” (09/24/24)