During the climate negotiations in Poznan, Brazil pushed for “forests in exhaustion” to be included under the Clean Development Mechanism. Currently, any plantation established on land that was forested after 1 January 1990 is excluded from the CDM.
On the final day in Poznan, a dispute took place between Saudi Arabia and Brazil over the Clean Development Mechanism (CDM). Saudi Arabia wants carbon capture and storage to be included in the CDM. Brazil wants carbon credits for “forests in exhaustion”. Saudi Arabia’s motivation is obvious. It wants to continue extracting and selling oil. But what is Brazil’s motivation? And what, exactly, are “forests in exhaustion”?