Who gains from saving nature
Ledger 1 : 33 — For each dollar financing nature-based solutions in 2023, about $33 financed activities harmful to nature. (UNEP)
Cases / Carbon credits · Brazil · 2020–2026

Sole bidder re.green wins first forest carbon-rights tender in Brazil

Short record: the main facts, with sources. A full case file has not been prepared.

Nature's voice · report
No measurement of the harm done to me here is on record.
Did nature suffer? Not measured.
Not on record
  • The record does not name which of my species, waters, soils or forests were harmed.
What the record lacks: 3 none on record · 1 not measured See the gaps

Brazil's 2023 law let holders of federal forest concessions sell carbon credits. The first tender under it, for Bom Futuro National Forest in Rondônia, went to re.green as sole bidder for 40 years.

What?
re.green won a 40-year concession over Bom Futuro National Forest in Rondônia to sell forest carbon credits. CNN Brasil
Where?
Bom Futuro National Forest, Rondônia, and Florestal Santa Maria, Colniza, Mato Grosso, Brazil CNN Brasil
When?
Law of 2023; Florestal Santa Maria credits 2020 to 2023; tender in March 2026 Agência Senado
Who?
Gained
  • re.green — 40-year concession over Bom Futuro National Forest, with 86.7 million reais of investment CNN Brasil
  • Moss — sold tokenised Florestal Santa Maria credits at up to eight times the price it paid REDD-Monitor
Lost
None on record
Harmed
None on record
Why?
Not stated in the sources reviewed.
How?
A holder of a federal forest concession may sell carbon credits from that forest; the concession was awarded by tender. Agência Senado
6 of 6 questions answered from the record

What happened

The record, in order.

Agência Senado reported in May 2023 that Law 14.590 let holders of federal forest concessions sell carbon credits.

CNN Brasil reported that in March 2026 re.green was the sole bidder in the first tender under the law, and won a 40-year concession over Bom Futuro National Forest, paying 0.70% of gross revenue to the state.

ESG Today reported that Microsoft's 2024 reforestation deal with re.green covered 3 million tonnes over 16,000 ha.

REDD-Monitor reported that the crypto company Moss tokenised more than 3 million credits from the Florestal Santa Maria project in Mato Grosso and sold them at up to eight times the price it paid.

    In court and with insurers

    Every proceeding and every insurer decision on record.

    Lawsuits and rulings

    No court case on record. No court has ruled on this case.

    Insurers

    No insurer decision on record.

    What we don't know

    Undisclosed, unproven, untried: recorded as data.

    Nature

    • Not measured Harm to nature: The record holds no measurement of harm to nature.

    Record

    • None on record Not found: the volumes or prices of credits re.green expects to sell from Bom Futuro.
    • None on record Not found: whether the Microsoft deal draws on credits from Bom Futuro.
    • None on record Not found: an environmental or community impact assessment for the Bom Futuro concession.

    Did the harm stop?

    Not stated in the sources reviewed.

    Who paid?

    Not stated in the sources reviewed.

    Sources

    Voices on record: — Company or project— Government and regulators— Courts✓ Press and investigations✓ Communities and civil society— Researchers

    Press and investigations

    Communities and civil society

    1. Florestal Santa Maria REDD project
      REDD-Monitor · 2023-03-24

    Connected cases

    Related matters, and cases linked to this one through the same organisations, with the role each played in both.
    Terms used on this page

    Carbon and conservation finance

    Carbon credit
    A certificate representing one tonne of carbon dioxide (or equivalent) that a project says it reduced, avoided or removed. Buyers use credits to balance their own emissions in climate claims.
    ESG
    Environmental, social and governance criteria that investors and insurers use to screen companies and projects.
    REDD+
    Reducing Emissions from Deforestation and forest Degradation. A UN framework under which forest projects earn carbon credits for deforestation they say they prevented, measured against a projected baseline.

    Science and environment

    Hectare (ha)
    A unit of area equal to 10,000 square metres, about 2.5 acres. 100 hectares make one square kilometre.
    Similar cases
    Carbon credits · Tree planting · Brazil · 2022
    Biomas restoration initiative
    Same type: Carbon creditsSame countryHarm to nature not measured
    Carbon credits · United States · 2005–2026
    Edelman: API contract, Energy Citizens and the COP30 contract
    Same type: Carbon creditsSame countryHarm to nature not measured
    Carbon credits · Brazil · 2023–2026
    Pará forest carbon credit schemes face suspension and lawsuits
    Same type: Carbon creditsSame countryHarm to nature not measured
    Carbon credits · Brazil · 2023–2026
    Pará state pre-sold 12 million REDD+ credits; federal prosecutors sue to cancel
    Same type: Carbon creditsSame countryHarm to nature not measured
    Carbon credits · Brazil · 2025–2026
    Brazilian court fines Sigma Lithium over blast damage in Jequitinhonha valley
    Same type: Carbon creditsSame countryHarm to nature not measured
    Carbon credits · Brazil · 2005–2025
    Indigenous land registration cut Amazon deforestation; recent Brazilian rulings reverse course
    Same type: Carbon creditsSame countryHarm to nature not measured