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The Ministry of the Environment institutes Forest+ Bioeconomy modality in the National Payments Program for Environmental Services

06/09/2021

In Brief

The Ministry of the Environment enacted Ordinance nº 414 of 2021, published in the Federal Official Gazette on 2 September 2021. The new ordinance institutes the Forest+ Bioeconomy modality, within the scope of Ordinance MMA nº 288 of 2020, which created the National Payment Program for Environmental Services – Forest+.

More Details

According to the ordinance, the Forest+ Bioeconomy modality promotes bioeconomy by focusing on payment for the provision of environmental services. This is a set of activities for the improvement, recovery, monitoring and conservation of native vegetation in all biomes, in addition to having national coverage.

Some of the strategic objectives of the Forest+ Bioeconomy modality are:

i) Disseminate prospect reports, documents and researches already available that demonstrate potential and development opportunities for the biomes, as well as carry out complementary diagnoses and analyses to enrich the mapping of opportunities for the bioeconomy.

ii) Mobilize, qualify and integrate agents of the bioeconomy, thus impacting sustainable regional development through payment for environmental services.

iii) Encourage the registration of bioeconomy projects on the Forest+ platform to facilitate access by interested parties to financial resources originating from international cooperation, climate finance and conversion of fines, in addition to voluntary initiatives aimed at boosting the bioeconomy.

v) Recognize initiatives that generate added value to sustainable forest management activities, whether they be for timber or non-timber.

In addition, the Forest+ Bioeconomy modality will foster recognition of the direct contribution of sustainable forest management activities, whether for timber or non-timber, with regard to the protection of forests, entrepreneurial actions that have the potential to enhance the market for payments for environmental services, as well as the incentives for timber or non-timber forest production from native forests in Brazil. Our Environmental and Sustainability team is available to provide further clarification on the subject.

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