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.
The ceasefire between Israel and Lebanon will be lengthened by three weeks, U.S. President Donald Trump said in a post on social media website...
The U.S. and the European Union are set to sign a memorandum of understanding on Friday to establish a partnership on the procurement and productio...
China has urged the European Union to take its concerns seriously over new cybersecurity and digital regulations, warning they could create difficu...
Russia and Ukraine have swapped prisoners of war, according to officials on both sides. Ukraine’s President Volodymyr Zelenskyy said 193 pris...
Türkiye and the United Kingdom on Thursday signed a wide-ranging strategic partnership agreement to boost bilateral cooperation, especially in...
The ceasefire between Israel and Lebanon will be lengthened by three weeks, U.S. President Donald Trump said in a post on social media website Truth Social early on Friday (24 April), while stating in a separate earlier post that he was in no rush to make a deal with Iran.
The U.S. and the European Union are set to sign a memorandum of understanding on Friday to establish a partnership on the procurement and production of critical minerals, the U.S. State Department confirmed late on Thursday.
China has urged the European Union to take its concerns seriously over new cybersecurity and digital regulations, warning they could create difficulties for Chinese companies operating in Europe.
Türkiye and the United Kingdom on Thursday signed a wide-ranging strategic partnership agreement to boost bilateral cooperation, especially in defence. The deal, signed in London, signals a “new era” in relations between the two NATO allies.
The U.S. military has intercepted at least three Iranian-flagged tankers in Asian waters and is redirecting them away from their positions near India, Malaysia and Sri Lanka, shipping and security sources said on Wednesday, exclusively to Reuters.
Iran’s Revolutionary Guards targeted three vessels, seizing two of them for alleged maritime violations and transferring them to Iranian shores, as U.S. President Donald Trump said Washington is extending its ceasefire with Iran until Tehran submits a proposal.
Two local trains collided head-on north of Copenhagen on Thursday (23 April), injuring 17 people, five of them critically, according to emergency services.
The U.S. military is redirecting at least three Iranian-flagged tankers after intercepting them in Asian waters near India, Malaysia and Sri Lanka, shipping and security sources said on Wednesday. Meanwhile, Tehran said U.S. breaches, blockades and threats are undermining “genuine negotiations.”
The European Union is preparing its 20th round of sanctions against Russia over the war in Ukraine. The measures are close to being approved, after earlier delays linked to energy concerns in Slovakia and Hungary eased following repairs to the Druzhba oil pipeline.
Global weather forecasters predict a strong El Niño will develop in the second half of 2026, bringing hotter, drier conditions to much of Asia while increasing rainfall in parts of North and South America.
Communities in Mexico have taken to the streets to protest against an ongoing oil spill in the Gulf of Mexico that has killed wildlife and damaged coral reefs over several weeks.
The World Meteorological Organization (WMO) has warned that the Earth’s climate system is becoming increasingly unstable, with new evidence showing a growing imbalance in how the planet absorbs and releases energy.
China is preparing for a year of extreme weather in 2026, with authorities warning the country could face both severe flooding and widespread drought, underscoring mounting climate pressures.
Heavy rain, flash floods and lightning strikes across Afghanistan have killed 28 people and destroyed hundreds of homes in Kabul, Herat and other provinces.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment