WSJ: Cash Dries Up for Locals Fighting Climate Change
Jorge Cantuarias has paid thousands of dollars a year since 2020 to more than 700 families in the Peruvian Amazon to preserve the rainforest while they harvest Brazil nuts.
The money came from the sale of carbon credits, a once booming market that has collapsed in the past two years. Now Cantuarias is sitting on roughly three million credits he can't sell.
Without the cash, the money for the families will dry up, making it harder for them to protect the rainforest. "We are passing through a very difficult time," Cantuarias said. ... [Read the full story]