DT Graham Reviews Brazil's Potential in REDD Carbon Credits

"A patchwork of regional legislation and complex rules governing land ownership have so far kept Brazil from cashing in on what could potentially be the world's biggest carbon offset market," End Quote

(1888PressRelease) September 18, 2012 - Recently DT Graham has talked about the business potential of Brazil in global carbon credits industry in its global carbon market review. According to DT Graham, Brazil can produce up to 60% of global Reduce Emissions from Deforestation and Degradation (REDD) carbon credits.

"A patchwork of regional legislation and complex rules governing land ownership have so far kept Brazil from cashing in on what could potentially be the world's biggest carbon offset market," quoted Mr. Chokichi Shizuoka, Chief Executive Officer of DT Graham. "Brazil, a home to the much of the earth's rain forests, has struggled to come up with a national strategy to make money protecting its vast ecosystem with various projects that reduces GHG emissions from REDDs."

However, DT Graham is thinking of a possible solution in which Brazil can make the best use of its natural resources as well as the forestlands in terms of finance. The idea is to get the private sector and governments to pay to reduce deforestation, which accounts for up to 17% of global greenhouse gas emissions. DT Graham believes by adopting this formula still Brazil can make a stand in current global carbon market as REDD is being considered as a key objective at various climate conferences around the world.

Currently, only Japan and the US state of California have said they might accept REDD credits for compliance with their carbon reduction programs. For this reason, DT Graham is thinking of spreading its business in the Latin America as well as in Brazil to set its first step in REDD credits sector.

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