ALARM. Colombia could be losing millions of dollars in taxes because of the way millions of carbon credits are being calculated and paid for in the Amazon.

In addition to carbon credits, Colombia's largest project might be selling hot air

In addition to carbon credits, Colombia's largest project might be selling hot air

ALARM. Colombia could be losing millions of dollars in taxes because of the way millions of carbon credits are being calculated and paid for in the Amazon.

Ilustration: Miguel Méndez - CLIP.

The Selva de Matavén indigenous reservation, between Colombia's Orinoquia and Amazon regions, is home to a pioneering carbon credit project that seeks to finance communities that preserve the forest. However, there are inconsistencies in the way the project calculates deforestation that raise concerns about how effectively it contributes to combating climate change and whether it deserves to be encouraged by the government with tax exemptions.

30 Junio, 2021

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