Pan-Amazonian Social Forum rejects carbon credits, citing false solutions

The 12th Pan-Amazonian Social Forum (FOSPA), held in Puyo, Ecuador, in August 2026, issued the Political Declaration of Puyuk, rejecting carbon markets, debt-for-nature swaps, and other climate financing mechanisms as 'false solutions'. Over 2,500 Indigenous Peoples and community representatives from the Amazon basin attended the event. The Declaration specifically denounced 'digital jaguar carbon credits,' citing concerns that such projects violate Indigenous territories and greenwash polluting industries. This rejection follows earlier statements from Indigenous organisations criticising projects like Greenoxx's Jaguar Amazon REDD Project for allegedly dispossessing Indigenous Peoples and failing to protect rainforests. FOSPA called for non-repayable climate financing instead of market-based approaches.