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Pará, which will play host to COP 30 in its capital Belém, contains around 25% of the Brazilian Amazon. The state government will use the proceeds from the LEAF agreement to finance its statewide programs to further reduce deforestation and support sustainable economic development. These programs will share economic benefits with Indigenous Peoples, traditional communities and family farmers on the front line in the battle against deforestation.
Pará, which will play host to COP 30 in its capital Belém, contains around 25% of the Brazilian Amazon. The state government will use the proceeds from the LEAF agreement to finance programs to further reduce deforestation and support traditional people’s way of life and sustainable economic development. These programs will share economic benefits with Indigenous Peoples, traditional communities and family farmers on the front line in the battle against deforestation. The LEAF Coalition is an international public-private initiative comprising a range of major corporations and the governments of Norway, the United Kingdom, the United States and the Republic of Korea, and aims to provide finance to support forest governments and local communities in their efforts to reduce deforestation and forest degradation. The agreement, signed with Emergent, coordinator of the LEAF Coalition, provides for the purchase of up to 12 million high-integrity1 forest carbon credits generated by reductions in deforestation in Pará over the years 2023 to 2026. Each credit represents one metric tonne of carbon emissions reductions from cuts in deforestation, and will be purchased upon issuance at $15 per tonne. The credits area sold under a forward purchase contract with issuance expected from the fourth quarter of 2025. Under the agreement, LEAF Coalition buyers, including Amazon, Bayer, BCG, Capgemini, H&M Group and Walmart Foundation, have committed to purchasing 5 million emissions reductions credits. The deal will also make a further 7 million credits available for additional corporate buyers, with Emergent anticipating strong levels of demand. The agreement is
