SPECIAL REPORTS AND PROJECTS
World Bank Group – International Monitory Fund its role in the global land grabs
Published
7 years agoon

By witnessradio.org/farmlandgrab.org
The World Bank Group between 2006 and 2016, has directly funded at least 14 large land deals spanning at least 900,000 hectares and provided securities financing to over 700,000 more in Africa, Latin America, South and South East Asia.
Most notorious of these are the landgrabs funded by the IFC. In Guinea, IFC has financed resource extraction projects amounting to US$140M in loans, which resulted to the displacement of 150,000 people. Hundreds of thousands more face the risk of cyanide pollution in their water sources. Similarly, IFC has funded mining operations in Myanmar [xvi] that displaced 16,000 farmers and indigenous Karen peoples in 23 communities.
In more than 30 countries – mostly in the Global South – the IFC has been bankrolling landgrabs through financial intermediaries. Private equities and commercial banks fund these lucrative land deals that have adverse social, political, environmental, and humanitarian impacts [xvii].
The IFC has been setting up Climate Funds and ‘green bonds’ to supposedly leverage private sector money towards environmental protection and climate change mitigation. Ironically, almost 70% of these projects are power generation projects such as dams and coal powered power plants in 12 countries including Bangladesh, Cambodia, Ghana, Philippines, and Sierra Leone [xviii]. On the other hand, 46% of area in land grabs are for extractive mining of metals and oil explorations in 15 countries including the Mekong Delta, Egypt, Zambia, Uganda, South Africa and Colombia. In nine countries, large-scale plantations of palm oil, rubber, cotton, and sugarcane are also a huge part of the land grabs in Indonesia, Mozambique, Ethiopia, and Gabon [xix]. “Green” funds supposedly predicated at mitigating climate impacts are grabbing forest lands, burning them and transforming them into plantations!
Despite peoples’ movements and civil society groups’ condemnation of IFC, it has increased agriculture and land-directed “investments” throughout the years [xx]. The World Bank itself lied through its teeth three years ago when it said that only 2% of IFC’s investment in agriculture and forestry had “any component related to land acquisition” [xxi].
More than the rhetoric of achieving food security, landgrabs are motivated by backing financial instruments and assets of the rentiers of financial oligarchs. Since the global financial meltdown of 2008, financial institutions, led by US-based asset-holding corporations and institutions [xxii], are becoming the largest actors behind global land grabs.
While IFC provides the funding including through direct and indirect equity investments, another for-profit arm of the World Bank Group insures landgrabbing investors – the Multilateral Investment Guarantee Agency (MIGA). MIGA provided political risk insurance to several asset-holding corporations and pension funds, including the US$65M it extended to sugar plantation expansion in Mozambique and the US$50 million cover for London-based Chayton Capital in grabbing 20,000 hectares of land in Zambia [xxiii]. MIGA is systematically betting against national interest of host peoples against nationalization, conflict, and acquisition contentions.
While not necessarily exhaustive, much discussion has been done by civil society organizations in the past few years on the role of direct investments and sub-investments of the World Bank Group in landgrabbing. Little have been said on the much larger role it played to facilitate the global land rush – the neoliberal globalization and corporatization of development.
Sowing the seeds of landgrabbing
The IMF-World Bank played a critical historical role in enabling landgrabs in the Global South.
The IMF-World Bank’s neoliberal restructuring of national economies in the late 70’s to early 90s under the structural adjustment program (SAP), and later on the US Treasury-led Washington Consensus, have laid the grounds and sowed the seeds of this massive scale of foreign and foreign-funded landgrabbing.
For decades, the IMF-World Bank Group imposed market colonialism and economic genocide through conditional loans and the IMF shadow program/advisory services as prerequisites of said loans. The triumvirate of market liberalization, deregulation of primary resources and services, and privatization of State assets and facilities forced through so-called adjustment loans have drastically diverted resources away from the domestic economy [xxiv]. On the other hand, it funded export crop production to suit the demand of the innocuous ‘world market’ increasingly dominated by US and EU-based agribusiness monopolies.
Most devastating of such ‘advisory services’ concern land tenure and governance. National legislations on land rights are often developed under the direct scrutiny and advisory services of the Legal Department of the World Bank. The World Bank advocated a market-assisted land reform program predicated on “comparative advantage” of land use, when in practice, it led to reconcentration of lands and evaded intact land monopolies altogether [xxv]. In almost all cases, privatization of agricultural lands is structured in a way that land sales are diverted to debt servicing [xxvi].
In Peru, where more 80,000 hectares of lands were grabbed in the last decade, the 1991 Land Law pushed by the Inter-American Development Bank (IADB) and advisory services of the World Bank required a minimum of 10 hectares as a unit of ownership. This encouraged the centralization of lands to the hands of a few while the parceleros (small farmers) were forced to either sell or give up control of their lands to landlords [xxvii].
In India, the abolition of land ownership ceilings was one of the explicit conditions of World Bank loans.
In sub-Saharan Africa, the World Bank pressured the states in the late 90s to privatize the agricultural lands, which resulted in carbon copy Land Laws that sold the peasant lands – mostly without consent and consultation and often violent — or have leased it out to international agribusinesses for 50-99 years.
Similar laws predicated on a redistributive model have been done in Brazil, Philippines and Colombia where supposedly redistributive land reforms incentivized land monopolies and created conditions for mortgage forfeitures, resulting in a larger landless populace than before. By 1996, the World Bank adopted an aggressive policy of full private ownership of agricultural lands and land market development programs.
The World Bank also facilitated in developing national customary land laws in its “plural land tenure and governance” policy, which privatized the control, if not the ownership, of ancestral lands of Indigenous Peoples and forests, assigning them lease and market value.
The SAP radically eroded the capacity of developing nations to produce staple food domestically. The currency devaluation in combination with the unification of exchange rates and controls have provided an impetus for the growth of commercial farms. This and the deregulation of staple food prices and liberalization of food imports have removed the protection to farmers producing food crops and forced countries to import-substitute crops. In sub-Saharan Africa, privatization of roads and deregulation of oil resulting to high transportation costs crippled farmers selling their food in the local market, which competes with dumped agricultural products from the Northern countries. In other developing countries, irrigation was privatized through World Bank’s policies on water property rights and markets.
Monoculture cropping was also the war cry of the World Bank as heavily subsidized TNCs from the US and EU encroached on privatizing local seed banks, seizing the opportunity of peasant ruin in the countryside. It restructured farming relations from local food production to export-oriented commercial farming.
As a result, the SAP enabled the proliferation of global monopolies that control food production, inputs, and distribution while starving the farmers from the developing world. The establishment of the World Trade Organization (WTO), the World Bank’s brother-in-arms against food sovereignty, has put the denationalization of food systems on overdrive.
Since WTO, profits in the globalized era are sought in increasingly speculative and fraudulent activities [xxviii], and agriculture is specially not exempted. The footprint of speculative activities in the global land rush, especially in 2008 onward, pushed the prices of food staples and led to the food riots and conflicts, which led millions of people in the developing world in a spiral of hunger and poverty [xxix].
In developing countries, the World Bank demanded, the phasing out of agricultural subsidies and the privatization of State seed and fertilizer facilities through the SAPs to “create space for the private sector”. So now, it suffers voluntary amnesia whenever it talks about the “gaps” in agricultural funding supposedly filled in by the private sector, since it created that “gap”.
Maximizing Finance for Development:
Incentivizing Land Grabs and Corporatization of Agricultural Development
The IMF-World Bank in its policy paper “Maximizing Finance in Development in Agriculture Value Chains”, which it hypocritically titled “The Future of Food”, further elaborates the latest installment of IMF-World Bank’s longstanding attack on people’s right to food and food sovereignty, and the offensive advance of greater corporate takeover of agriculture and corporatization of agricultural development.
In the paper, the World Bank describes crowding in funds from the private sector as the all-encompassing key in closing the “gap” in funding for agricultural development. While the paper discusses and hides behind the “alignment” of agricultural development to strategic goals of “poverty reduction” and “providing better jobs and boosting shared prosperity”, it paints a plan to further denationalize food systems and increase financialization in food production, control, and distribution, which divert funds for farmers to incentivizing and de-risking TNC investments and monopoly control.
Advocating Use-Certificates and Access to Rental and Land Markets in lieu of right to land. In continuing its role as an enabler of landgrabbing and further absolving itself of culpability, the paper points out that “weak government policies on land tenure and governance” [xxx] cause risks of landgrabs. In the same breath, the IMF-World Bank calls for national policy reforms advocating more secure use-certificates to minimize the risk of agricultural investments for financial actors. This is doublespeak for the further erosion of the already denied rights of farmers and Indigenous Peoples to land and resources.
While it laments that only 10% of lands in sub-Saharan Africa are registered, it advocates the Ethiopian use-certification land reform that led to the land grabbing of between 2.5 to 2.71 million hectares of land in Ethiopia, which is up to 58.2% of total land area suitable and available for agricultural production, between 1992 and 2010 alone. This comes to no one’s surprise as IFC enabled a 110,000-hectare plantation landgrab in Ethiopia last 2010, where it provided US$150 million loan to ICICI Bank, the landgrabber Karuturi Global’s investor. The IMF-WB continues its efforts in eroding policies on peoples’ right to land through the Land Governance Assessment Framework.
Guarantee, award, incentivize TNCs and monopolies while sponsoring neglect of farmers and domestic food production. The paper promotes the rollback of any State support for farmers and national food production. It calls for a “shift in public policies from direct agricultural support towards improving private sector access to risk management instruments for agriculture”. This shift means indiscriminate phasing out of subsidies to farmers, privatization of state assets related to food production, and the “decoupling of subsidies” away from staple foods as these “crowd out” private sector participation. Moreover, it also calls for an exit of State banks and state capital in funding, lending, and insuring small farmer and staple food production to “create spaces” for commercial banks and international private financing.
These deregulation policies in agriculture coupled with further liberalization, redolent of the disastrous SAPs, will further cripple national capacity to produce food and mitigate world food price spikes. As it is, public spending in agriculture in the global south is on a four-decade long decline [xxxi] in relative terms. In fact, in the south of Sahara, where more than 80% of people depend on agriculture, public spending declined by 25% in the last three decades [xxxii]. A more significant decline was also noted in the Latin America and the Caribbean. Financing takes up an increasing amount of public spending in agriculture, while less and less in direct subsidies to farmers [xxxiii]. A World Bank review attributes this shift to “an era of policy reform” towards market liberalization [xxxiv].
On the other hand, the World Bank has no qualms in subsidizing the entry and entrenchments of agribusiness monopolies in the Global South. In 2009, IFC gave a US$75-million equity infusion to the US$625-million investment vehicle Altima One World Agriculture Fund. The Altima Fund owns majority shares of the El Tejar, the soybean monopoly in Argentina. This then enabled El Tajar to position itself, through more than 200,000 hectares in land grabs, as the largest farm operator in Argentina, Bolivia, Uruguay, and Brazil [xxxv].
Rising prices and trade liberalization also catalyze land grabs. In Cambodia, for example, there is a major uptick in land grabbing due to the “Everything but Arms Treaty” that was signed with the EU. Under the treaty, Cambodia can export sugar duty free.
The paper also prescribes Public-Private-Partnerships (PPP) “wherever possible”, a project funding model worse than privatization. PPPs in agriculture lead to user fees in irrigation and rural infrastructure, opening up land, water extraction, genetic and natural resources to the private sector exploitation; changing national seed laws; lifting plant variety protection, even accommodating the propagation of questionable crops such as those genetically modified; giving up national R&D to the control of agribusiness TNCs and allowing their techno-fixes to low productivity; and changing concepts of land rights and agrarian reform, among others.
In stark contrast to the prescribed neglect to farmers, the paper advocates the diversion of the meager funds to shielding agribusinesses from risks of nationalization, expropriation, disputes, conflict and political risks, even calamities – for countries to bet against their farmers and agricultural workers!
As if not enough, the paper advocates a private sector-led and -centered diagnostic systems in agricultural development – adding control over “assessment framework” and “diagnosis” to the arsenal of corporate power. As it is, the “private sector” is simultaneously the plaintiff, the perpetrator, the lawmaker, the lawyer, and the judge in disputes. Of the 855 known ISDS [1]cases, where 542 were filed in the World Bank’s international investment dispute settlement ICSID [2], 61% were decided in favor of the investor and only 39% in favor of the state[3] [xxxvi]. In fact, the IFC and the World Bank have consistently invoked its “absolute immunity” in class action lawsuits directed against them over the past few years[xxxvii].
Unsurprisingly, the paper advocates as well for the “harmonization” of seed laws. These laws, as made clear by farmers in Africa, are violating the rights of people to seed and seed biodiversity — supporting policies for privatization of seeds and criminalization of seed saving and strengthening the position of international seed monopolies like Bayer-Monsanto and DuPont.
Further deepening of financialization of food systems and increasing the speculative nature of land and food markets.Financialization has been pushing prices of food and fueling the landgrabs since 2008. In fact, from 2004, IFC has funded US$4.55 billion in loans and grants to financial intermediaries linked to over hundreds of projects that resulted in landgrabbing, displacement of peoples, ruin of livelihood, and environmental degradation [xxxviii]. These financial intermediaries, which include banks, insurance companies, microfinance institutions, and private equity funds, received the biggest share of World Bank’s investments through the IFC [xxxix].
While the World Bank advocates for the “deepening of financial markets in developing countries” and in agriculture, it leaves out in convenience the fact that global agricultural markets today are already riddled and closely entangled with increasingly speculative funds, bonds, derivatives, and other financial instruments like the commodity index fund which drives agricultural inputs and product prices upward – a double burden for farmers.
As already mentioned above, the IFC has also been setting up of green funds and climate change mitigation funds that has predated on forests and Indigenous Peoples’ rights to land and self-determination. The IFC boasts that its investments in climate financing have reached US$18.3 billion and mobilized $11 billion in private sector funding for climate since 2005 [xl] — including 109 green bonds.
Since 2011, IFC has invested a total of US$246.5 million [xli] in RCBC, a Philippine-based bank, including at least US$22.5 million in IFC’s climate loans [xlii]. RCBC has been funding the construction and operation of 20 coalfired power plants in the Philippines, which have displaced and affected at least 28 communities of farmers and fishers.
Killings amid poverty and landlessness
Growing landlessness and soaring rural poverty are the clear and inevitable effects of IMF-WB neoliberal policies. IMF-WB’s decades of policies of auctioning off agricultural lands to land markets and their promotion of market-led land reforms and speculation have marginalized large portions of already impoverished farmers in the global south in favor of local elites and international investors. [xliii]
Commodification of agricultural and forestlands has led to greater concentration of land in the hands of local elites while systematically excluding small farmers [xliv]. Large haciendas and latifundia in Asia and in Latin America remain intact and have grown and evolved over the last century.
In most of the developing countries today, 95% of farms being tilled by small farmers are below 5 hectares. However, these farms occupy only 66 to 75% of the total arable lands[xlv]. This means that the remaining 5% of farms are large landholdings where 25 to 33% of the total arable lands are concentrated. In the Middle East and North African region, 80% of farms occupy only 20% of total agricultural area. While in Latin America, the largest 10% of farms hold 60% of total agricultural area [xlvi]. In the Philippines, 57% of farms cover only 12% of total agricultural lands [xlvii].
The intense concentration of agricultural lands in the hands of landlords and corporations indicate how massive landlessness is among farmers and agricultural workers. The total of 12 million farmers displaced by reported land grabs in the last decade add to the already high number of landless in the global south. In India alone, 41.63% of rural households are landless, which translate to 307 million people [xlviii].
In addition, neoliberal schemes such as contract growing and other lease-type agreements wrest the control of farms from small farmers and hand it over to agribusiness ventures. Thus, even the landed small farmers end up as agricultural workers in their own land.
Land grabs in the past few years are also becoming more violent and heavily militarized as more and more communities resist forced displacement. The IMF-WB itself is complicit in the piling bodies of farmers and land rights activists in the Global South.
For example, in Honduras, one of the deadliest countries on earth for farmers and land rights activists, the IFC gave a loan of US$15 million to the Dinant Group in 2009. The Dinant Group, owned by the wealthiest man in the country and one of the biggest landlords in the Aguan Valley, killed more than 36 farmers in 2011, in the wake of its way to being Honduras’s biggest oil palm plantation operator – bagging 60% of palm oil exports in the country [xlix]. The World Bank has profited off farmers’ murders.
Agribusiness and mining landgrabs total the greatest number of extrajudicial killings, according to reports. Not only are small farmers neglected in policy making; the human rights of peasants and land rights defenders are also disregarded and even attacked by the state. In fact, in the 207 reported global killings of farmers and land rights defenders in 2017, at least 53 were state-sponsored.
Towards peoples’ right to food and food sovereignty
But amid all these attacks, the farmers, Indigenous Peoples, and other rural peoples’ resistance against landgrabbing is also gaining ground. In fact, there are numerous cases of landgrabs that were delayed, thwarted, and even denied because of the communities’ determined assertion of their right to land and resources. While there are many factors in the relative slowdown of global landgrabs over the last three years [l], rural peoples’ determination to expose, directly confront and challenge the land grabbers has made a significant impact.
In the Philippines, for instance, farmers and Indigenous Peoples are standing their ground in lands that are being grabbed for oil palm plantations, for mining and coal-fired power plants, and for ‘green cities’, among others. In the province of Misamis Oriental in Mindanao, Indigenous Higaonan people continue to keep at bay the state-backed ABERDI [4] company from displacing them in 530 hectares of ancestral lands earmarked for oil palm plantation expansion. Retaking lands from landgrabbers and centuries-old haciendas through what we call “bungkalan” or land occupation and collective cultivation also marks the resistance of farmers and Indigenous Peoples in various provinces of the Philippines like Negros, Bohol, Bukidnon, Tarlac, Batangas, Samar, Sorsogon, and Davao[li].
In West Bengal, India, Singur peasants deployed a combination of legal, on-ground, and political actions against manufacturing giant Tata Motors over 500 hectares of agricultural lands. The historic 2016 decision of the West Bengali court in favor of the farmers and the unwavering resolve of the Singur peasants have swept the region. It catalyzed a wave of peasant struggles and prompted land reform amendments in the region.
In Brazil, land occupation movements led by the Liga de Campesinos Pobres in Pau D’arco, Para, North of Brazil and in the Beirada Farm in Manga remain a bulwark of peasant power against mining and agribusiness landgrabbers. Despite more than 40 farmers and activists already killed and hundreds more arrested in the defense of their lands last year alone, the Brazilian farmers continue to thwart landgrabs and persist in reclaiming their lands. In Santa Elina, poor and landless farmers took over the old Hacienda Sta. Elina and are now collectively cultivating the “blood stained” lands they have for decades been fighting for.
Today as the IMF-World Bank and their client countries unite to find new ways to plunder our lands, exploit and oppress our rural peoples, and take away the peoples’ rights, we raise our clenched fists as one and reaffirm our resolve to defend our land and resources, to stop further corporate takeover of development, and to reclaim our rights to land and food sovereignty.
Stop Land Grabs! Reclaim our rights and future!
Fight for Genuine Agrarian Reform!
Stop killing farmers!
Assert our right to food, land, and food sovereignty!
Junk IMF-World Bank’s neoliberal agenda!
Shut Down the IMF-World Bank!
Rafael Mariano is the Chair Emeritus of Kilusang Magbubukid ng Pillipinas. He was the former Secretary of the Philippine Government’s Department of Agrarian Reform (DAR).
Notes
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SPECIAL REPORTS AND PROJECTS
Global use of coal hit record high in 2024
Published
2 weeks agoon
November 3, 2025
Bleak report finds greenhouse gas emissions are still rising despite ‘exponential’ growth of renewables.
Coal use hit a record high around the world last year despite efforts to switch to clean energy, imperilling the world’s attempts to rein in global heating.
The share of coal in electricity generation dropped as renewable energy surged ahead. But the general increase in power demand meant that more coal was used overall, according to the annual State of Climate Action report, published on Wednesday.
The report painted a grim picture of the world’s chances of avoiding increasingly severe impacts from the climate crisis. Countries are falling behind the targets they have set for reducing greenhouse gas emissions, which have continued to rise, albeit at a lower rate than before.
Clea Schumer, a research associate at the World Resources Institute thinktank, which led the report, said: “There’s no doubt that we are largely doing the right things. We are just not moving fast enough. One of the most concerning findings from our assessment is that for the fifth report in our series in a row, efforts to phase out coal are well off track.”
If the world is to reach net zero carbon emissions by 2050, in order to limit global heating to 1.5C above preindustrial levels, as set out in the Paris climate agreement, then more sectors must use electricity instead of oil, gas or other fossil fuels.
But this will work only if the global electricity supply is shifted to a low-carbon footing. “The trouble is that a power system that relies on fossil fuels has huge cascading and knock-on effects,” said Schumer. “The message on this is crystal clear. We simply will not limit warming to 1.5C if coal use keeps breaking records.”
Though most governments are supposed to be aiming to “phase down” coal use after a commitment made in 2021, some are pushing ahead with the most polluting fuel. India’s prime minister, Narendra Modi, celebrated surpassing 1bn tonnes of coal production this year, and in the US Donald Trump has declared his support for coal and other fossil fuels.
Trump’s efforts to halt renewable energy projects, and remove funding and incentives for switching to low-carbon power sources, have largely not made themselves felt yet in the form of higher greenhouse gas emissions. But the report suggested these efforts would have an effect in future, though others, including China and the EU, could blunt the impact by continuing to favour renewables.
The good news is that renewable energy generation has grown “exponentially”, according to the report, which found solar to be “the fastest-growing power source in history”. This is still not enough, however: the annual growth rates of solar and wind power need to double for the world to make the emissions cuts needed by the end of this decade.
Sophie Boehm, a senior research associate at the WRI’s systems change lab and a lead author of the report, said: “There’s no question that the United States’ recent attacks on clean energy make it more challenging for the world to keep the Paris agreement goal within reach. But the broader transition is much bigger than any one country, and momentum is building across markets and emerging economies, where clean energy has become the cheapest, most reliable path to economic growth and energy security.”
The world is moving too slowly on improving energy efficiency, in particular cutting the carbon generated by heating buildings. Industrial emissions are also a concern: the steel sector has been increasing its “carbon intensity” – the carbon produced with each unit of steel manufactured – despite efforts in some countries to move to low-carbon methods.

Electrifying road transport is moving faster – more than one in five new vehicles sold last year was electric. In China, the share was closer to half.
The report also sounded a warning on the state of the world’s “carbon sinks” – forests, peatlands, wetlands, oceans and other natural features that store carbon. While nations have repeatedly pledged to protect their forests, they continue to be cut down, albeit at a slower rate in some areas. In 2024, more than 8m hectares (20m acres) of forest were permanently lost. That is lower than the high of nearly 11m hectares reached in 2017, but worse than the 7.8m hectares lost in 2021. The world needs to move nine times faster to halt deforestation than governments are managing, the report found.
World leaders and high-ranking officials will meet in Brazil next month for the Cop30 UN climate summit, to discuss how to put the world on track to stay within 1.5C of global heating in line with the 2015 Paris climate agreement. Each government is supposed to submit a detailed national plan on emissions cuts, called a “nationally determined contribution”. But it is already clear that those plans will be inadequate, so the key question will be how countries respond.
Source: theguardian.com
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SPECIAL REPORTS AND PROJECTS
The Environmental Crisis Is a Capitalist Crisis
Published
2 weeks agoon
November 3, 2025
One of humanity’s greatest challenges today is the environmental crisis, which threatens our very existence. Our latest dossier explores its class character, showing that the climate catastrophe is a product of capitalism’s relentless drive for accumulation.
The photographs in this dossier were taken by Sebastião Salgado, one of Brazil’s – and the world’s – greatest photographers. He passed away in May 2025, leaving behind an artistic legacy inseparable from his commitment to humanity and the preservation of the environment. Salgado travelled the globe portraying peoples, territories, and workers with dignity, capturing life’s beauty while bearing witness to an era marked by capitalism’s brutality against humanity and nature. His photographs, like this dossier, remind us that we cannot remain mere spectators of destruction: we must be agents of change.
We are grateful to the team that safeguards his legacy and, in a spirit of solidarity, authorised the use of his images to enrich and strengthen this dossier.

Capitalism Will Not Solve the Environmental Crisis
The environmental crisis is one of the greatest challenges we face today. At its root lie the capitalist mode of production and the logic of capital accumulation pursued by the ruling classes of the Global North and South. The devastation wrought by capitalism is plain for all to see, as climate change intensifies and accelerates year after year, threatening the very existence of humanity. As Fidel Castro warned in his speech at the 1992 UN Conference on Environment and Development in Rio de Janeiro, ‘An important biological species is in danger of disappearing due to the rapid and progressive liquidation of its natural living conditions: humanity’.1
Many international organisations and bodies have sought solutions to the environmental crisis, but always within the framework of capitalism. In November 2025, the United Nations Climate Change Conference (COP30) will be held in Belém, Pará, in the Amazon region of Brazil. The Amazon is home to countless generations of Indigenous peoples who, through their interaction with nature, have allowed the planet’s most biodiverse ecosystem to flourish.
Today, the Amazon is the site of one of capitalism’s central contradictions: agribusiness destroys it by burning and clearing land to expand the agricultural frontier while the very same land is financialised by transnational corporations trading its territories as carbon reserves on stock exchanges. While the ruling classes insist on presenting the environmental crisis as a problem for all of humanity – without any class distinctions – we must not forget that the class contradictions inherent to capitalism are also reflected in the environmental question. In fact, those most affected by climate disasters are the urban and rural poor, who live under precarious conditions in hazard-prone areas.
One of the main tasks in the battle of ideas is therefore to politicise the debate around the environmental crisis by showing its class character – something that is urgently needed, as reflected by a recent survey that found that more than 30% of Brazil’s population is unaware of climate change, with this figure rising to over 50% among the lowest income groups.2
In light of this reality, this dossier seeks to popularise the debate on the environmental crisis from a Brazilian and Global South perspective in dialogue with working-class organisations. In this dossier, we analyse the causes of the environmental crisis and examine, and critique, proposals for a transition to a low-carbon economy. By seeking alternatives within capitalism, such proposals create new forms of accumulation without resolving the root problem. Finally, we present popular solutions to the crisis along with a set of demands that have emerged from the accumulated experience of Brazil’s popular movements.
Serra Pelada Goldmine, Pará, Brazil, 1986. © Sebastião Salgado
The Destruction of Life and the Logic of Capital
Climate change is the most visible and urgent aspect of the environmental crisis. Chemical pollution, loss of soil cover, ocean acidification, biome destruction, and the loss of biodiversity are also fundamental dimensions of the crisis. As Vijay Prashad rightly pointed out:
One million of the estimated eight million species of plants and animals on the planet are threatened with extinction. The main threat to the majority of species at risk of extinction is biodiversity loss caused by the capitalist agribusiness system of food production. Agricultural production – currently accounting for more than 30% of the world’s habitable land surface – is responsible for 86% of projected losses in terrestrial biodiversity because of land conversion, pollution, and soil degradation.3
The environmental crisis manifests in ways that underscore its inseparability from the class struggle. We see this in the floods that devastated southern Brazil in 2024; the heatwave and then floods that hit Pakistan in 2022, leaving millions homeless while elites remained protected; the 2018 floods in Kerala, India; the 2022 flooding and blackouts in Cuba caused by Hurricane Ian – a phenomenon intensified by rising ocean temperatures; and the increasingly extreme cycles of floods and droughts in the Horn of Africa. From 2019 to 2020, Ethiopia, Kenya, and Somalia faced heavy rains followed by devastating floods. From 2020 to 2023, these countries faced one of the longest droughts in the past seventy years, only to be hit by new floods in 2023–2024. These instances show that the environmental crisis is deepening.4
The main factor driving climate change is the high level of greenhouse gas (GHG) emissions from fossil fuels as energy consumption from these fuels continues to rise year after year. If we take a closer look at global emission levels, the data once again speaks volumes: the richest 10% are responsible for nearly twenty times more emissions than the poorest 50%.5
Moreover, both historic and current GHG emissions are directly linked to inequality – not only between the Global North and South but also between the richest and poorest segments of the global population. According to the Global Carbon Project, the twenty-three most developed countries account for half of all CO2 emissions since 1850. The United States alone has emitted 24.6% of all carbon released into the atmosphere, followed by Germany (5.5%), the United Kingdom (4.4%), and Japan (3.9%). The other half of emissions is spread across more than 150 countries.6
Recent data shows that this reality has not changed: according to a 2022 study by Climate Watch, the World Resources Institute’s data platform, the ten largest emitters are still responsible for 76% of global CO2 emissions. In 2022 China was the largest emitter of CO2, followed by the United States, India, Russia, and Japan, which would make Asia the planet’s biggest emitter today.7
However, because the populations of countries such as China and India are much larger than those of the United States, European countries, Japan, or Australia, measured in per capita emissions the United States is by far the world’s largest CO2 emitter, with a per capita rate twice that of China and eight times higher than India’s.8
Globally, the fossil fuel industry is the largest emitter of CO2, with roughly one hundred companies responsible for 71% of global historical CO2 emissions, according to a Carbon Majors report published in 2017.9
Among them are giants such as ExxonMobil, Shell, BHP Billiton, and Gazprom. Another 2019 study by the Climate Accountability Institute found that just twenty companies have been responsible for one-third of all global CO2 emissions since 1965.10
Agribusiness is another structural driver of GHG emissions. In 2023 alone, 3.7 million hectares of forest were cleared worldwide, largely for cattle ranching and industrial crops. Over the past twenty years, the sector’s production chain – from fertilisers to processing and transport – has increased its emissions by 130%.11
Though the energy sector accounts for approximately three-quarters of GHG emissions on a global scale, it is worth taking a closer look at countries where raw materials dominate exports. Brazil is a striking example of this: according to the Plan for Ecological Transformation published by the Ministry of Finance, agribusiness is the country’s largest source of GHG emissions, directly accounting for 29% of the total. Deforestation-related emissions add another 38%, with livestock and agriculture responsible for about 96% of deforested land, according to the 2022 Annual Deforestation Report. Taken together, agribusiness is responsible for roughly 67% of Brazil’s total GHG emissions, compared to just 23% from energy generation.12
Predatory extractive practices also play a major role, especially in Global South countries, from mining to the purchase of natural and Indigenous reserve lands by foreign interests as carbon market assets.
Despite regional and national differences, what is clear is that climate change and the destruction of nature are direct consequences of the logic of capital accumulation advanced by the ruling classes.
Kuningan District, Jakarta, Indonesia, 1996. © Sebastião Salgado
Green Capitalism: Supposed Alternatives to the Environmental Crisis
Various socialist currents have raised ecological concerns since the early days of capitalism, from the nineteenth-century socialist and artist William Morris to the environmental and countercultural movements of the mid-twentieth century. Yet it was only in the 1970s, more than a century after the first industries appeared, that the environment became a matter of concern for nation-states and began to gain prominence on the international political agenda. The 1972 United Nations Conference on the Human Environment, held in Stockholm, Sweden, was a milestone in advancing the environmental question. As Andrei Cornetta notes:
In addition to population growth in a context of resource scarcity, [the conference] also discussed how to bring various forms of [water, air, and soil] pollution under control at a time when the global energy crisis was on the agenda, especially after the impact of the oil shock of 1973.13
Despite the urgency of the environmental question, no new forms of organising production or relating to nature were proposed at the conference: rather, all alternatives fit within the capitalist mode of production. Meanwhile, growing social and economic inequality between the imperialist core and the dependent periphery sharpened the debate, especially regarding whether to continue developing or to restructure the industrial model along ‘zero growth’ lines.14
In 1979, the First World Climate Conference in Geneva acknowledged the seriousness of ongoing climate change. It was not until 1992 that the Second United Nations Conference on Environment and Development took place in Rio de Janeiro, where a multilateral agenda to address the climate question was proposed. This agenda entered into force in 1994 and served as the precursor to the Conference of the Parties (COP), the decision-making body for the United Nations Framework Convention on Climate Change which meets biennially to review and advance the convention.
Among the many outcomes of the COP process, two stand out. First, the Kyoto Protocol, adopted after COP 3 in 1997, which set binding quantitative targets for reducing GHG emissions for Annex I countries (those that had been industrialised the longest). Second, the Paris Agreement, adopted after COP 21 in 2015, which required signatory countries to set their own emission reduction targets, known as Intended Nationally Determined Contributions.15
However, the targets were never met and both the Kyoto and Paris agreements ended up as failures.
In response to the urgency of climate change, some states have promoted a transition to a low-carbon economy aimed at reducing the amount of harmful GHG emissions – without, of course, touching the profits of major corporations and the capitalist core. From this approach emerged so-called ‘green capitalism’ alternatives, including carbon markets, offset schemes, and energy transition policies.
The Kyoto Protocol emission targets, initially intended to curb air pollution, soon became the basis for a new form of capital accumulation via so-called carbon credits16
that are traded on stock exchanges and function as a kind of ‘license to pollute’.17
This system involves not only financial capital but also significant technological and scientific developments that measure and calculate carbon emissions. They also project potential reductions by modelling what emissions would have been in the absence of offset activities. These offset schemes include reducing emissions caused by deforestation and forest degradation as well as promoting forest conservation, sustainable management, and an increase in forest carbon stocks. However, in practice, once companies exceed their GHG emission limits, they can buy carbon credits on the stock exchange to offset their emissions. Thus, the biophysical process by which plants absorb carbon from the air and convert it to oxygen through photosynthesis – a natural function of plant life and part of the commons – is turned into a commodity.
The main contradiction of green capitalism is that the same agribusiness, oil, and mining transnational corporations that shape the environmental agenda in international bodies and national governments are also those that most aggressively exploit the commons. The agribusiness sector, which drives deforestation and burning in the Cerrado and Amazon biomes18
in order to expand the agricultural frontier, also touts the digitalisation of its production chains, which certify that its products are deforestation-free and decarbonised. Similarly, oil corporations are involved in energy transition policies, and mining companies promote carbon market schemes.
In Brazil, agribusiness – the main source of the country’s GHG emissions – has made sustainability a central theme of its ideological campaign. Far from a genuine commitment to sustainability, this serves as a way to expand into other sectors, increase political influence, and boost profits.19
The agribusiness model – based on large-scale monocultures and the extensive use of pesticides – is among the most damaging to the environment. Yet while companies pursue new avenues of profit through the financialisation of nature and a discourse of sustainability, their production model has not changed; on the contrary, it continues to drive deforestation, burning, and the poisoning of soil, water, and air.
By playing an active role in advancing false solutions to the environmental crisis, the very sectors that most damage the environment have found new ways to profit from the financialisation of nature. These sectors are present not only in government ministries across many countries, but also in international climate bodies and conferences such as the COP. The environmental agenda has long been captured by transnational corporations, and the alternatives they propose never challenge the profit rates of big capital. Brazilian agribusiness, with its rhetoric of sustainability, is among the key players in these international bodies. Brazilian companies such as Suzano Papel e Celulose,20
the food multinational JBS, and the mining corporation Vale all play a major role in ‘sustainability’ projects and the carbon market. For them, offset schemes have become a lucrative form of capital accumulation.
Take, for example, the Maísa project in the Brazilian state of Pará, run by the leading carbon market certifier Verra. The project was meant to preserve a 26,000-hectare stretch of the Amazon rainforest that included the Sipasa Farm, yet the designated protection area later became a mining site, and in early 2024 sixteen farm workers were rescued from conditions comparable to slavery. The fallacy – and failure – of such projects is clear: they serve transnational giants like iFood, Uber, Spotify, Audi, and Google, which pour millions of dollars into offset schemes to cover the emissions generated by their own activities.21
In addition to commodifying one of nature’s commons, projects like Maísa harm biodiversity and undermine the way of life of Indigenous communities who, through the labour of countless generations, have helped shape these forests and their biodiversity. By promoting solutions that fail to confront the destructive logic of capitalist accumulation, such schemes destroy ways of life that have coexisted in harmony with nature for millennia.
The 2019 report by the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services paints an alarming picture of ecological collapse brought on by such projects:
One million of the roughly eight million plants and animal species are threatened with extinction; human activity has driven at least 680 vertebrate species to extinction since 1500, while global populations of vertebrate species have fallen by 68% over the last fifty years; the abundance of wild insects has fallen by 50%; and by 2016, more than 9% of all domesticated mammal breeds used in food and agriculture had gone extinct, with another thousand breeds now facing extinction.22
One thing is clear: there are no capitalist solutions to a crisis created by capitalism. If we are to save the Earth and humanity, the answers must come from beyond capitalism.
Cuiabá Farm, Xingó Backlands, Sergipe, Brazil, 1996. © Sebastião Salgado
Popular Perspectives on the Environmental Question
At the 1992 UN Conference on Environment and Development in Rio de Janeiro, Fidel Castro underscored the urgency of the environmental crisis from an emancipatory perspective and condemned the unjust economic and social order between dependent countries in the periphery and those at the capitalist core:
It must be said that consumer societies are primarily responsible for the atrocious destruction of the environment… With only 20% of the world’s population, they consume two-thirds of the metals and three-quarters of the energy produced worldwide. They have poisoned the seas and rivers, polluted the air, weakened and perforated the ozone layer, and saturated the atmosphere with gases that alter the climate with catastrophic effects from which we are already beginning to suffer… It is impossible to blame this on the countries of the Third World – yesterday’s colonies, today’s exploited and plundered nations by an unjust world economic order… If we are to save humanity from this self-destruction, we must achieve a fairer distribution of the wealth and technology available on the planet – less luxury and less waste in a few countries so that there may be less poverty and less hunger across much of the Earth.23
What is at stake is nothing less than the survival of human life on Earth. The environmental crisis is a product of the crisis of capital, which not only fails to resolve problems such as hunger and inequality but deepens them while relentlessly seeking new ways to generate profit for the ruling classes. The environmental struggle must therefore be waged as a direct confrontation with, and ultimate overcoming of, the capitalist mode of production. Unless we challenge the logic of capital – based on the exploitation of working-class labour and the plunder of the Global South – we will not be able to confront the environmental crisis.
The struggle for climate justice must combat not only inequality between the Global North and South but also environmental racism, as it is the poorest, and disproportionately Black and Brown, populations in the Global South that are the most exposed to the effects of the environmental crisis. In Brazil, for example, a study found traces of glyphosate – one of the most widely used pesticides in agribusiness – in breast milk across several regions. Meanwhile, the environmental crimes committed by the mining transnationals Samarco, Vale, and BHP Billiton in the cities of Mariana (2015) and Brumadinho (2019), in Minas Gerais state, not only killed nearly 300 people but also devastated the biodiversity of the Doce River, which runs through Minas Gerais and Espírito Santo, disrupting the way of life of numerous comunidades ribeirinhas<24 (river communities).25
Brazil’s Black population, which is concentrated in urban peripheries, is also disproportionately affected by the environmental crisis, such as in the form of frequent floods and landslides. Women, too, are more acutely impacted than the general population; in rural areas, for example, it often falls on them to handle the pesticides that the agribusiness production model imposes on peasant families. Environmental and climate justice movements must therefore build close connections with antiracist and feminist struggles. The environmental crisis cannot be solved without confronting all forms of social inequality, from racism to patriarchy.
Among the many fronts of struggle, peasant movements linked to La Vía Campesina stand out. Their agenda calls for:
- Popular Agrarian Reform and the Defence of Peasant and Indigenous Territories. Popular Agrarian Reform is the struggle to democratise access to land, directly confront latifundios (large, landed estates), and combat the concentration of land in the hands of the few. This demand goes beyond land redistribution: it challenges the agribusiness model that commodifies nature and deepens the environmental crisis. The struggle for land is tied to the protection of Indigenous and quilombola lands, recognising land concentration as a colonial legacy that must be overcome. By defending peasant and Indigenous territories, La Vía Campesina seeks to ensure that land fulfils its social function as a space for life, work, and cultural reproduction rather than being reduced to a financial asset.
- Food Sovereignty. Food sovereignty is the right of peoples to decide what to produce, as well as for whom and how to produce it, and to guarantee access to healthy and culturally appropriate food. It stands in opposition to the logic of agribusiness, which prioritises export commodities over feeding the people. To achieve food sovereignty, it is essential to support regional food cultures, strengthen short supply chains, and prevent food production from being controlled by large corporations. In order to achieve food sovereignty, public policies must be enacted that strengthen peasant agriculture and ensure that food is treated as a right, not a business; such policies include mandating the institutional purchase of agroecological products and support of those markets.
- Agroecology. Agroecology calls for a radical change in the technological model of agriculture, replacing the predatory system of agribusiness with diversified forms of production that are in harmony with nature. This includes the use of bio-inputs, agroforestry, and sustainable soil management, which create biodiverse environments that are resilient to climate change. Beyond its technical dimension, agroecology is a political practice that builds new relationships between human beings and nature based on cooperation, peasant autonomy, and the recovery of traditional knowledge.
- Care for the Commons. Water, minerals, seeds, land, and biodiversity are not mere ‘natural resources’ or ‘raw materials’ to be exploited: they are commons that are essential to life. Protecting the commons is central to building a popular project for the countryside in which nature is not commodified but rather cared for as collective heritage, ensuring their care for current and future generations.
A central component of Brazil’s Landless Workers’ Movement (MST) is to plant trees and produce healthy food. This is an integral part of building popular agrarian reform, since overcoming the environmental crisis will only be possible through a new model of rural production based on agroecology and new social relations that overcome patriarchy, racism, and LGBTphobia while fostering cooperation and solidarity. As MST leader João Pedro Stédile said about the particular challenges that Brazil faces with respect to the environmental crisis (though his words apply to the Global South more broadly):
We need zero deforestation. There is no need to cut down a single tree to meet the people’s needs. We must ban the export of timber and gold and impose strict controls over mining activities and their environmental impacts. The country needs a publicly funded national reforestation plan to recover millions of hectares throughout the territory. To tackle pollution, mitigate rising temperatures, and confront the problem of individual transportation powered by fossil fuels, we must provide a plan for free, high-quality mass public transport, reforest major cities, and expand the use of solar energy in as many productive activities as possible. In the countryside, agrarian reform must advance with a national agroecology programme that produces healthy food free of agrotoxins for all the people.26
Another perspective that has emerged from social struggles in Latin America, especially in Ecuador and Bolivia, is buen vivir (good living), whose principles were incorporated into the new constitutions of both countries under presidents Rafael Correa and Evo Morales, respectively. Drawing on Indigenous traditions, buen vivir challenges capitalist notions of progress and development and is based on five principles: 1) a holistic vision, or Pacha;27
2) embracing multipolarity; 3) the search for balance; 4) the complementarity of diversity; and 5) decolonisation.28
Ecosocialism, for its part, is a political and theoretical current that combines socialism with radical ecology, criticising both capitalism and traditional socialism for ignoring the planet’s ecological limits. It aims to build an egalitarian and sustainable society in which the economy is reorganised to meet human needs without destroying the environment. For Michael Löwy, one of ecosocialism’s leading theorists, the central dilemma facing the working classes in the twenty-first century is the environmental crisis, which must be addressed from a socialist perspective that conceives of a new mode of production attuned to ecological challenges.
The environmental crisis will not be resolved by the ruling classes. This is the task of the rural and urban working classes. We must create another way of producing and reproducing life that is based on healthy relations between human beings and the environment and built through popular organisation. This path forward must expose the true culprits of the crisis and advance proposals that prioritise all forms of life over profit.
Pico da Neblina, Yanomami Indigenous Territory, Amazonas, Brazil, 2014. © Sebastião Salgado
A Minimum Agenda to Confront the Environmental Crisis
Brazil’s popular movements understand the need to wage struggles on multiple fronts. Despite the limits of the COPs and the negotiations held there, popular movements recognise that it is essential to pressure their governments to secure a minimum agenda that holds the social classes and countries most responsible for pollution accountable and combats the climate catastrophe driven by capitalism. In this spirit, working alongside the MST, we created an agenda to confront the environmental crisis:
I. Compliance with and Advancement of International Agreements
- Building on the agreements of the 1992 United Nations Conference on Environment and Development, which established the principle of ‘common but differentiated responsibilities’, compel Global North countries – which bear historical responsibility for the climate crisis – to rapidly cut their carbon emissions and prevent global temperatures from rising above the critical 1.5°C threshold.
- Ensure that Global North countries provide climate compensation to Global South countries for the losses and damages caused by their carbon emissions and provide substantial funding for public infrastructure to replace reliance on carbon-based energy.
- Fulfil the Paris Agreement pledge that Global North countries provide $100 billion annually to meet the needs of Global South countries, particularly for policies that mitigate the real and disastrous impacts of climate change that they are already experiencing (especially low-lying nations and small island states). These resources must come in the form of grants directly transferred to subnational projects for forest protection and restoration. Since loans are not transfers of resources, they should not be considered to fit within the scope of the Paris Agreement, though this has often been the case. These funds should serve as instruments of climate justice, not as pretexts for financial sector profit obtained through private or multilateral development banks.
- Transfer technology and financing to Global South countries to phase out carbon-based energy systems and build alternatives based on sovereign national strategies.
- Hold Global North countries accountable for polluting water, soil, and air with toxic and hazardous waste – including nuclear waste – such as by making them bear the costs of cleanup and by prohibiting technologies and modes of production that generate such waste.
II. A Planned and Just Energy Transition with Social Participation
An energy transition programme is needed to adapt carbon-based energy systems in order to mitigate their environmental impact. It must be carefully planned, carried out with broad social participation, and supported by financing channels for Global South countries that respond to their specific needs. In addition, it must diversify the energy grid, improve energy efficiency, and guarantee the raw material supply needed for any future energy transition. This programme must:
- End direct and indirect government subsidies for the fossil fuel industry.
- Aggressively increase taxes on emissions and polluting products.
- Prohibit the financial sector’s participation in the fossil fuel industry in order to prevent any transition from being driven by financial speculation.
- Receive state investments in order to combat the climate catastrophe, protect and support affected populations, and restore the environment, as well as guarantee that such investments will not be restricted or undermined by local or international austerity policies. It is the responsibility of states to safeguard the rights of populations affected by these projects.
III. Protection of and Support for Peasant Agriculture and Food Sovereignty
- Implement comprehensive agrarian reforms that decentralise and democratise access to land, making it feasible for peasants to return to the countryside, and replace destructive agribusiness practices with agroecological production.
- Build and support mechanisms that spread and aid with the implementation of agroecology by providing technical assistance and financing for peasant farmers.
- Eliminate synthetic agrotoxins by 2035 and reduce synthetic fertilisers by half within the same period.
- Support the widespread use of bio-inputs for agroecological farming by creating bio-factories (community facilities that produce and reproduce natural inputs such as biofertilisers and biopesticides). Provide the necessary equipment for their use and guarantee free technical assistance for farmers.29
- Protect peasants’ rights to biodiverse seeds. Guarantee the intellectual property rights of Indigenous and traditional communities by combatting biopiracy and the appropriation of our knowledge and practices.
- Restructure livestock farming so that herd sizes and practices correspond to land capacity and food demand – not to the demands of the market.
- Ban all unproven agricultural technologies and eliminate all public subsidies for harmful practices and products.
- Adopt public policies that regulate and protect agricultural markets and the right to healthy, culturally appropriate food.
- Prioritise agroecological products in government food-purchasing programmes.
- Establish legislation to protect agroecological production zones, creating areas free from poisons, GMOs, and aerial spraying.
- Require governments to conduct studies that assess the need to rethink agricultural and livestock activities in response to global warming. This includes creating new agroclimatic maps and developing policies that protect biodiversity and ecosystem services.30
These studies must also involve, in a meaningful way, the communities rooted in each territory and draw on their culture and expertise.
- Ensure that technological products and processes used in rural areas are reassessed every five years, drawing on the participation of civil society representatives.
IV. Effective Policies for Reforestation and Combatting Deforestation
- Take all necessary measures to prevent the Amazon from reaching its point of no return, such as by protecting 80% of its territory by 2026.
- Halt all illegal deforestation by 2026.
- Achieve zero legal deforestation by 2027.
- Halt the expansion of the agricultural frontier by sanctioning companies and individuals responsible for land grabbing, displacing forest-dwelling peoples, and producing goods that drive deforestation, degradation, and pollution.
- Prohibit funds from the Paris Agreement from being channelled to agribusiness, mining, or false solutions like replanting and offset schemes in protected areas.
- Repeal legal instruments that promote the destruction of the Amazon.
- Rehabilitate, recover, and restore deforested and degraded areas.
- Ensure that all Indigenous, Afro-descendant, quilombola, and traditional communities in the Amazon are given titles to their ancestral lands as well as full legal and physical protection of their collective ownership of these lands.
- Guarantee respect for the territorial rights of isolated Indigenous peoples and implement a gender perspective in the distribution of land titles.
- Strengthen alternatives for an agroecological transition as well as community-based agroforestry production and ecotourism.
- Guarantee the meaningful participation of forest-dwelling peoples in every stage of the energy production chain – including planning, management, and governance – as part of building a just, popular, and comprehensive energy transition.
- Ban subsidies, investments, and financial credits for projects that destroy forests.
- Classify ecocide as a crime in national legislation and ensure the punishment of all environmental crimes.
- Prosecute corporations and companies responsible for environmental disasters in their countries of origin and require them to repair the damage done to nature and affected peoples.
- Promote financing for projects that protect the Amazon and other forests of the Global South, ensuring that all debt-for-climate or debt-for-nature swaps are: a) comprehensive, transparent, direct, and carried out with the participation of the peoples of the Amazon in ways that are self-determined, self-organised, and self-managed; b) embedded in current financing mechanisms with guaranteed participation, oversight, and social accountability to prevent abuse, waste, and corruption; and c) designed to ensure that nature is not commodified.
- Establish a carbon tax on major polluting industries and agribusinesses, directing the revenue toward protecting the Amazon and other forests of the Global South.
- Ban forest offsets and other forms of financial speculation and false market solutions in these territories.
- Require governments to implement large-scale reforestation projects, the countryside, and cities and to support the production and distribution of seedlings and the restoration of degraded areas.
V. Proper Planning and Management of Water Resources
- Use water efficiently, prioritising human and animal consumption and agroecological production over corporate interests.
- Manage aquatic systems to include the creation of protected areas that safeguard the health of river basins.
- Subsidise agroforestry, with an emphasis on food production in family farming units connected to food supply systems.
VI. Restrictions on Mining
- Immediately halt and combat illegal mining.
- Reduce mercury use in mining each year until it is fully eliminated.
- Ban mining in Indigenous, ancestral, and communal territories.
- Establish plans to restore areas degraded by mining.
- Implement remediation plans for ecosystems and communities affected by mercury and other mining impacts.
- Create monitoring systems and penalties for activities that compromise surface and groundwater quality.
Read full dossier : thetricontinental.org
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SPECIAL REPORTS AND PROJECTS
Top 10 agribusiness giants: corporate concentration in food & farming in 2025
Published
3 months agoon
August 28, 2025

|
Ranking
|
Company (Headquarters)
|
Sales in 2023
(US$ millions)
|
% Global market share 19
|
|
1
|
Bayer (Germany)20
|
11,613
|
23
|
|
2
|
Corteva (US)21
|
9,472
|
19
|
|
3
|
Syngenta (China/Switzerland)22
|
4,751
|
10
|
|
4
|
BASF (Germany)23
|
2,122
|
4
|
|
Total top 4
|
27,958
|
56
|
|
|
5
|
Vilmorin & Cie (Groupe Limagrain) (France)24
|
1,984
|
4
|
|
6
|
KWS (Germany)25
|
1,815
|
4
|
|
7
|
DLF Seeds (Denmark)26
|
838
|
2
|
|
8
|
Sakata Seeds (Japan)27
|
649
|
1
|
|
9
|
Kaneko Seeds (Japan)28
|
451
|
0.9
|
|
Total top 9
|
33,695
|
67
|
|
|
Total world market29
|
50,000
|
100%
|
|
Ranking
|
Company (Headquarters)
|
Sales in 2023
(US$ millions)
|
% Global market share
|
|
1
|
Syngenta (China/Switzerland)43
|
20,066
|
25
|
|
2
|
Bayer (Germany)44
|
11,860
|
15
|
|
3
|
BASF (Germany)45
|
8,793
|
11
|
|
4
|
Corteva (US)46
|
7,754
|
10
|
|
Total top 4
|
48,472
|
61
|
|
|
5
|
UPL (India)47
|
5,925
|
8
|
|
6
|
FMC (Germany)48
|
4,487
|
6
|
|
7
|
Sumitomo (Japan)49
|
3,824
|
5
|
|
8
|
Nufarm (Australia)50
|
2,056
|
3
|
|
9
|
Rainbow Agro (China)51
|
1,623
|
2
|
|
10
|
Jiangsu Yangnong Chemical Co., Ltd. (China)52
|
1,595
|
2
|
|
Total top 10
|
67,982
|
86
|
|
|
Total world market53
|
79,000
|
100
|
|
Ranking
|
Company (Headquarters)
|
Sales in 2023
(US$ millions)
|
% Global market share
|
|
1
|
Nutrien (Canada)72
|
15,673
|
8
|
|
2
|
The Mosaic Company (US)73
|
12,782
|
7
|
|
3
|
Yara (Norway)74
|
11,688
|
6
|
|
4
|
CF Industries Holdings, Inc, (US)75
|
6,631
|
3
|
|
Total top 4
|
46,774
|
24
|
|
|
5
|
ICL Group Ltd. (Israel)76
|
6,294
|
3
|
|
6
|
OCP (Morocco)77
|
5,967
|
3
|
|
7
|
PhosAgro (Russia)78
|
4,989
|
3
|
|
8
|
MCC EuroChem Joint Stock Company (EuroChem) (Switzerland/Russia)79
|
4,298
|
2
|
|
9
|
OCI (Netherlands)80
|
4,188
|
2
|
|
10
|
Uralkali (Russia)81
|
3,497
|
2
|
|
Total top 10
|
76,007
|
39
|
|
|
Total world market82
|
196,000
|
100
|
|
Ranking
|
Company (Headquarters)
|
Sales in 2023
(US$ millions)
|
% Global market share
|
|
1
|
Deere and Co. (US)89
|
26,790
|
15
|
|
2
|
CNH Industrial (UK/Netherlands)90
|
18,148
|
10
|
|
4
|
AGCO (US)91
|
14,412
|
8
|
|
3
|
Kubota (Japan)92
|
14,233
|
8
|
|
Total top 4
|
73,583
|
43
|
|
|
5
|
CLAAS (Germany)93
|
6,561
|
4
|
|
6
|
Mahindra and Mahindra (India)94
|
3,156
|
2
|
|
7
|
SDF Group (Italy)95
|
2,197
|
1
|
|
8
|
Kuhn Group (Switzerland)96
|
1,583
|
0.9
|
|
9
|
YTO Group (China)97
|
1,493
|
0.9
|
|
10
|
Iseki Group (Japan)98
|
1,057
|
0.6
|
|
Total top 10
|
89,629
|
52
|
|
|
Total world market99
|
173,000
|
100
|
|
Ranking
|
Company (Headquarters)
|
Sales in 2023
(US$ millions)
|
% Global market share
|
|
1
|
Zoetis (US)115
|
8,544
|
18
|
|
2
|
Merck & Co (MSD) (US)116
|
5,625
|
12
|
|
3
|
Boehringer Ingelheim Animal Health (Germany)117
|
5,100
|
11
|
|
4
|
Elanco (US)118
|
4,417
|
9
|
|
Total top 4
|
23,686
|
49
|
|
|
5
|
Idexx Laboratories (US)119
|
3,474
|
7
|
|
6
|
Ceva Santé Animale (France)120
|
1,752
|
4
|
|
7
|
Virbac (France)121
|
1,348
|
3
|
|
8
|
Phibro Animal Health Corporation (US)122
|
978
|
2
|
|
9
|
Dechra (UK)123
|
917
|
2
|
|
10
|
Vetoquinol (France)124
|
572
|
1
|
|
Total top 10
|
32,727
|
68
|
|
|
Total world market125
|
48,000
|
100
|
The genetic material used in the industrial production of meat, dairy and aquaculture is supplied by a small number of relatively unknown companies that are mostly privately owned. As detailed financial data is not publicly available for most of these companies, it is difficult to determine companies’ market shares and even the value of the global market. However, it was possible to arrive at some estimates for chicken, which tops global meat production (narrowly exceeding pigs).126Related posts:

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