Brazil says it will cut back on deforestation — for a price.
Brazilian President Jair Bolsonaro has sent a proposal to the Biden administration that involves reducing deforestation by 40 percent in exchange for $1 billion, The Wall Street Journal reports. Bolsonaro is often criticized as a "negligent steward" of the vulnerable Amazon rainforest, the Journal notes, but he and others, including residents of the Amazon region, have argued the only way to save the rainforest is by funding "nascent bio-industries" like fish farming "that would provide alternatives to poor farmers who slash and burn to raise crops and cattle."
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