A standing Amazon Rainforest could create an $8 billion bioeconomy: Study
The Brazilian Amazon could create an $8 billion bioeconomy each year by preserving the rainforest, promoting sustainable agricultural practices and commercializing regional products, a new study has found.
If current deforestation and emission trends continue, the Amazon faces irreversible degradation that will devastate Brazil and beyond, experts warn.
Growing the bioeconomy depends on elevating Indigenous knowledge and providing local communities the tools to produce and sell hundreds of forest-grown products.
It will take an investment of more than $500 billion by 2050 to implement a new economy, but the costs of not doing this “could be much higher,” say the study authors.