Slowing global economy will reduce Amazon deforestation
October 8, 2008
The global financial crisis will likely slow forest clearing in the Amazon rainforest, said Brazil’s environment minister.
Falling commodity prices combined with tighter credit and increased aversion to risk will undermine the economics of activities — including logging and agricultural expansion — that are key drivers of deforestation in the Brazilian Amazon. Forest clearing in the region has shown an increasingly tight correlation to beef and soy prices in recent years. Both products are produced on cleared rainforest lands.
“It’s true that the reduction of commodity prices reduces (deforestation) pressure,” Minc told Reuters at the Reuters Global Environment Summit in Brasilia.
Market turmoil and increased risk aversion amid a widening financial crisis may also dent emerging efforts to use carbon markets to finance forest conservation.
Future threats to the Amazon rainforest
(7/31/2008) Between June 2000 and June 2008, more than 150,000 square kilometers of rainforest were cleared in the Brazilian Amazon. While deforestation rates have slowed since 2004, forest loss is expected to continue for the foreseeable future. This is a look at past, current and potential future drivers of deforestation in the Brazilian Amazon.
Global Commodities Boom Fuels New Assault on Amazon
(6/20/2008) With soaring prices for agricultural goods and new demand for biofuels, the clearing of the world’s largest rain forest has accelerated dramatically. Unless forceful measures are taken, half of the Brazilian Amazon could be cut, burned or dried out within 20 years.
2007 Amazon fires among worst ever
(10/22/2007) By some measures, forest fires in the Amazon are at near-record levels, according to analysis Brazilian satellite data by mongabay.com. A surge in soy and cattle prices may be contributing to an increase in deforestation since last year.