The document discusses a Payment for Environmental Services - Carbon (PES-Carbon) project in the State of Acre, Brazil. It aims to value the state's forests as a source of environmental resources for current and future generations. The key points are: 1) The project covers 5.8 million hectares and 35% of the state, home to 7,500 families across priority conservation and managed forest areas. 2) It aims to reduce deforestation to 59% below 2008 levels by incentivizing sustainable production, forest management, and carbon credit payments to limit pressure on forests. 3) Initial costs over 15 years are estimated at $482 million, with 87% directly supporting recipients and