Forest Code Offsets (Brazil)

The Brazilian Forestry Code (Código Florestal) stipulates that landowners must keep a certain percentage of natural vegetation on their land (depending on the region). In areas where deforestation and vegetation clearance will exceed the legal quota, compliance with the law can still be met in part through off-site conservation. In these cases, landowners can compensate other landowners to retain more than the minimum percentage of native vegetation cover. These Forest Code offsets have the potential to evolve into a formal bank, which is under discussion at the state level. However, there are considerable law enforcement and implementation problems to overcome. These problems include difficulties in regulation and monitoring of offset areas, a lack of clear guidance as to what determines and "ecological equivalence" in selecting appropriate candidate offsets, and the lack of a single approved authority in each state to judge the merit of individual cases.

Program Statistics

Date Established: 1965 Status: Active Program Type: Compensation
About the program:
Annual size of program (area): 91,000 (hectares) Year of Data: 2009
Cumulative size of program (area): 91,000 (hectares) Years of Data: 2009 -
Annual payments of program (US$): Year of Data:
Cumulative payments of program (US$): Years of Data: -
Notes on program size or payments:

The program size /cumulative program size is at minimum 91,000 hectares. This is a published figure for the acreage conserved in one pilot project (the municipality of Lucas do Rio Verde, in partnership with the Nature Conservancy) as of 2009.

Species or habitat types (if applicable):
Notes: http://www.forest-trends.org/publication_details.php?publicationID=522
Bank regulator information: Brazilian Institute of Environment and Renewable Natural Resources (Instituto Brasileiro do Meio Ambiente e dos Recursos Naturais Renováveis) Last Updated: June 22, 2010