Microsoft expands environmental commitment with major Brazilian reforestation deal

In a major push towards environmental sustainability, Microsoft Corp has teamed up with key Brazilian figures, including a former central banker and a prominent billionaire family, to undertake extensive reforestation in Brazil. This collaboration, facilitated through Re.green, a nascent reforestation enterprise, marks Microsoft’s second substantial investment in Brazil’s nature-based carbon credits in the last six months. Two macaw parrots sitting…

Brazil: Betting Big on Carbonmarket

Brazil is creating what could be the first – and biggest – carbon credit market in Latin America. Progress, however, has been slow and the challenges large, from including the hesitant agribusiness sector to properly verifying carbon offsets in the Amazon rainforest. The stakes are high but progress has been slow for developing what could be one of the world’s…

Uber and Audi used carbon credits generated in a farm that employed slave labor

Workers rescued by the Brazilian government were found clearing 477 hectares of forest within a project paid by companies to preserve the Amazon BY ISABEL HARARI AND POLIANA DALLABRIDA  19/02/2024 Audi, Uber, and 20 other companies offset greenhouse gas emissions using carbon credits from an area where the Brazilian authorities identified deforestation and the use of enslaved workers. In June…