PGI in Action: PANABRAS Driving Green Transformation in Brazil

Brazil’s Amazon Basin is the world’s largest tropical rainforest, producing 20 percent of Earth’s oxygen and 16 percent of its freshwater. One of the world’s largest carbon sinks, the Amazon rainforest removes more greenhouse gasses (GHG) from the atmosphere than it emits. Yet, Brazil is also the world’s sixth largest GHG emitter, and the rainforest is under threat as the result of accelerating deforestation and changes in land use. To address these and other global climate challenges, Brazil’s delegation to COP28 reiterated its commitment to reducing emissions by 48 percent up to 2025 and by 53 percent up to 2030—both relative to 2005—with the goal of achieving carbon neutrality by 2050.