Good news on the Brazilian Amazon

A new study has two pieces of great news about deforestation in the Brazilian Amazon (in bold):
Brazil has lowered deforestation rates 64 percent since 2005. This remarkable achievement was possible through a government crack-down on illegal activities in the region. It was helped by a retraction of the cattle and soybean industries, and a growing effort to exclude deforesters from the beef and soy markets. The article describes how Brazil could build upon this progress to end forest clearing by the year 2020, and the additional funding that will be required to reach this goal.

The study estimates that $6.5 to $18 billion will be needed from 2010 to 2020 to achieve the end of deforestation, resulting in a 2 to 5 percent reduction in global carbon dioxide emissions. The steps include the support of low-deforestation livelihoods for forest peoples and smallholders; identifying and rewarding responsible cattle ranchers and farmers; improved enforcement of environmental laws; and investments in protected area management. This estimate utilizes a sophisticated economic model of the Amazon region that estimates and maps the value of forgone profits from ranching and soy farming that are associated with forest conservation.
The former is quite impressive; the latter is fantastic (if true) because in the grand scheme of climate change and the resources that could be dedicated toward mitigating it, $7-18 billion is really not that much money.

Via Climate Progress.

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