Deforestation of the Amazon rainforest in Brazil has increased by a staggering 25% in the year 2020.
The National Institute for Space Research has monitored deforestation in the Brazilian Amazon and says the country has reached the highest destruction of rainforest since data was collected in 2015.
More than 3,069 square kilometers had been destroyed in the first six months of 2020, largely due to policy changes under the Bolsonaro administration, which opened up the Amazon for business and illegal loggers and miners.
However, investors and consumers are pushing back with Supermarkets threatening to boycott products from Brazil if the government fails to adopt policy changes to protect the rainforest.
The threat by supermarket chains and other investors has shown first results with the government announcing to ban fires in the Amazon, which were the main cause for uncontrolled forest firers in 2019.