What Could a “Bioeconomy” in the Amazon Look Like?

News coverage of the Amazon rainforest in the past few years has been grim. Deforestation rates in the Brazilian Amazon increased 15% during 2021, with 9,770 square kilometers of native vegetation lost, an area the size of Puerto Rico. If deforestation continues, a tipping point may be reached, where the Amazon rainforest becomes a net emitter of carbon rather than a carbon sink. Aside from fueling climate change, deforestation poses risks to biodiversity: the Amazon is home to one out of every 10 species known to science. The problem is that the current regional economic model in the Amazon is highly dependent on resource extraction and exploitation, pushing the rainforest closer to its tipping point. Changes in land use account for almost half of Brazil’s greenhouse gas (GHG) emissions, and of those emissions, approximately 80% are linked to deforestation in the Amazon. It’s clear that heavily forested nations like Brazil need a new economic model — one fit for a low-carbon, sustainable and prosperous future. Enter the “bioeconomy.”

Source : World Resources Institute

December 5, 2022

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