Overview

• Brazil’s Paris pledge to restore 12 million hectares by 2030 remains far off, with about 150,000 hectares added to projects from 2022 to 2024, roughly 1.25% of the goal.
• The Amazon Fund has resumed at pace under BNDES, receiving R$1.6 billion, negotiating another R$820 million, and approving about R$1.5 billion in projects within eight months.
• Private commitments are growing, including Biomas’ Muçununga project with an initial R$55 million to reforest 1,200 hectares in Bahia toward a 2 million‑hectare, 20‑year plan, and a R$77 million BNDES loan to Symbiosis for native timber planting in Bahia.
• Companies detail results and new plans, with Vale reporting 800,000 hectares protected around Carajás and 18,000 hectares restored via R$430 million invested, and Philip Morris outlining a 6,000‑hectare Atlantic Forest project designed to generate future carbon credits.
• Scaling remains constrained by costs near R$50,000 per hectare, limited service capacity, land and seedling bottlenecks, and expert calls to prioritize stronger action against illegal deforestation.