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Brazil's Suzano CEO says $12-$13 carbon price could support forest regeneration

Published 12/01/2021, 06:41 AM
Updated 12/01/2021, 06:46 AM
© Reuters. FILE PHOTO: A mangrove forest is seen in Matang in Malaysia's northern state of Perak. Picture taken July 29, 2003

© Reuters. FILE PHOTO: A mangrove forest is seen in Matang in Malaysia's northern state of Perak. Picture taken July 29, 2003

SAO PAULO (Reuters) - Chief Executive Walter Schalka of Brazilian pulp and paper maker Suzano said on Wednesday that a market price of $12-$13 dollars per tonne of carbon could support the regeneration of one hectare of natural forest.

Schalka, speaking on Wednesday during the Reuters Next event, noted that regulated global carbon offset credit markets are vital to saving natural forests.

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