Prosecutors in Brazil have filed a lawsuit to annul a $180 million carbon offset agreement signed by the state of Para, citing legal and ethical violations in the high-profile rainforest conservation initiative backed by major global firms.
Brazilian federal prosecutors are seeking to cancel a $180 million carbon offset agreement designed to protect the Amazon rainforest, arguing the deal violates national laws and overlooks the rights of local communities. The lawsuit, filed Tuesday, challenges a landmark contract signed last year between the state of Para and the LEAF Coalition - an initiative supported by major corporations and governments.
The complaint represents a significant setback for both the Para state government, which is set to host the COP30 climate summit, and the global carbon credit market, which has struggled with credibility issues over transparency, fraud, and community engagement.
In their filing, prosecutors claim Para’s government failed to properly consult Indigenous and traditional communities who would be affected by the project. They also argue that Brazilian law does not permit the pre-sale of carbon credits - particularly those linked to future conservation efforts rather than measurable past reductions.
Prosecutors allege the state rushed to greenlight the project ahead of COP30, intensifying pressure on vulnerable communities.
The contract in question involves the LEAF Coalition, a forest conservation initiative co-founded in 2021 by Amazon.com Inc., along with other private companies and governments. The project aimed to sell up to 12 million carbon credits at $15 each, tied to the preservation of the Amazon’s carbon-rich trees.
Furthermore, the agreement was among the first jurisdictional carbon credit deals - targeting emissions reductions at a state-wide level instead of through fragmented private projects. The model was intended to streamline oversight and restore market confidence, but critics have warned it may replicate existing issues on a larger scale.
Turkic states are assessing the feasibility of passport-free travel between countries using national ID cards, Kürşad Zorlu, the Deputy Chair...
Ukrainian President Volodymyr Zelenskyy has criticised U.S. President Donald Trump’s decision to ease sanctions on Russian diesel exports, qu...
Türkiye has banned children under 15 from using social media under new regulations published on Saturday. ...
Leaders of countries from the Commonwealth of Independent States (CIS) have agreed to hold coordinated population censuses around 2030. They took the decision at the CIS Council of Heads of State meeting in Awaza, Turkmenistan on Friday, media reported.
Britain and Israel have reached a temporary compromise over the future of the British Consulate General in East Jerusalem, easing a diplomatic dispute that had threatened to further strain relations between the two countries.
South African judge Navanethem “Navi” Pillay won the Nobel Peace Prize on Friday “for her efforts to promote peace and international law,” the Norwegian Nobel Committee said.
The Nobel Peace Prize 2026 will be announced on Friday, 9 October, bringing one of the world's most closely watched awards back into focus.
The U.S. has imposed sanctions on the International Criminal Court (ICC) on Friday (9 October) escalating tensions with European allies and potentially targeting companies that provide services to the tribunal. The move came hours after former ICC judge Navi Pillay won the Nobel Peace Prize.
Türkiye’s COP31 presidency has unveiled an action agenda designed to turn climate commitments into concrete projects and measurable results, focusing on clean energy, waste reduction, resilient cities and industrial decarbonisation.
Greenland and Antarctica have shed a combined 11.3 trillion tonnes of ice since 1979, according to the most comprehensive satellite study of the planet's ice sheets to date, with researchers warning the pace of loss has accelerated sharply in recent decades.
The European Union will continue allowing large-scale plastic waste exports to Türkiye despite concerns over recycling rates, environmental damage and the risk of illegal waste trafficking.
Hundreds of thousands of deep-diving turtles, known as olive ridley sea turtles, have arrived on Mexico’s southern coast for one of nature’s most striking nesting events. But conservation officials warn that climate change is making it increasingly difficult for their eggs to hatch.
August 2026 tied as the hottest month ever recorded globally, pushing average temperatures above the critical 1.5°C threshold as extreme weather swept across several regions, the EU’s Copernicus Climate Change Service said.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment