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Facebook Bans Sales of Amazon Conservation Areas on its Apps

An aerial view shows a river and a deforested plot of the Amazon near Porto Velho, Rondonia State, Brazil August 14, 2020. REUTERS/Ueslei Marcelino
An aerial view shows a river and a deforested plot of the Amazon near Porto Velho, Rondonia State, Brazil August 14, 2020. REUTERS/Ueslei Marcelino
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Facebook Bans Sales of Amazon Conservation Areas on its Apps

An aerial view shows a river and a deforested plot of the Amazon near Porto Velho, Rondonia State, Brazil August 14, 2020. REUTERS/Ueslei Marcelino
An aerial view shows a river and a deforested plot of the Amazon near Porto Velho, Rondonia State, Brazil August 14, 2020. REUTERS/Ueslei Marcelino

Facebook on Friday said it will stop allowing the sale of land in Amazon rainforest conservation areas at marketplaces on the social network or its Instagram and WhatsApp services.

The announcement came as Facebook defends itself against accusations that it has long put profit over societal good, and caused some online to question why it had allowed sales of precious rainforest land in the first place.

"We are updating our commerce policies to explicitly prohibit the buying or selling of land of any type in ecological conservation areas on our commerce products across Facebook, Instagram and WhatsApp," the online social network said in a post.

"Protected areas are crucial for conserving habitats and ecosystems and are critical to tackling the global nature crisis."

Facebook focused the announcement on the Amazon rainforest, saying it planned to ramp up the effort.

Facebook said it will review listings at its online Marketplace against an authoritative database of protected areas to identify and block listings for sales of land there.

"Wait, this is something that was happening?" read a tweeted reply to Facebook sharing the announcement at its verified Twitter account.

The sale of land in conservation areas happens on other platforms and offline, but Facebook is working to stop it from happening in its family of apps, the company said.

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India to Offer $4-$5 Bln in Incentives for Electronics Production, Weaning Off China

A social media influencer uses a phone on the day of the unveiling of Hyundai IONIQ 9, a three-row electric SUV during a Hyundai event in the Hollywood Hills in Los Angeles, California, US, November 20, 2024. REUTERS/Daniel Cole
A social media influencer uses a phone on the day of the unveiling of Hyundai IONIQ 9, a three-row electric SUV during a Hyundai event in the Hollywood Hills in Los Angeles, California, US, November 20, 2024. REUTERS/Daniel Cole
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India to Offer $4-$5 Bln in Incentives for Electronics Production, Weaning Off China

A social media influencer uses a phone on the day of the unveiling of Hyundai IONIQ 9, a three-row electric SUV during a Hyundai event in the Hollywood Hills in Los Angeles, California, US, November 20, 2024. REUTERS/Daniel Cole
A social media influencer uses a phone on the day of the unveiling of Hyundai IONIQ 9, a three-row electric SUV during a Hyundai event in the Hollywood Hills in Los Angeles, California, US, November 20, 2024. REUTERS/Daniel Cole

India will offer up to $5 billion in incentives to companies to make components locally for gadgets from mobiles to laptops, two government officials said, in a bid to bolster the burgeoning industry and wean off supplies from China.
India's electronic production has more than doubled in the last six years to $115 billion in 2024, led by growth in mobile manufacturing by global firms such as Apple and Samsung. It is now the world's fourth-largest smart phone supplier.
But the sector faces criticism for its heavy reliance on imported components from countries such as China.
"The new scheme will incentivize production of key components like printed circuit boards that will improve domestic value addition and deepen local supply chains for a range of electronics," one of the two officials said.
The incentives are likely to be offered under a new scheme expected to be launched in two to three months, said the officials, who asked not to be identified as details of the scheme are not yet public.
The scheme is likely to offer incentives totaling between $4-$5 billion to global or local firms which qualify, Reuters reported.
The plan, designed by the India's electronics ministry, has identified components eligible for incentives and is in its final stages.
The finance ministry will approve the scheme's final allocation soon, the first official added, with the sources expecting it to be launched in the next 2-3 months.
India's electronics ministry and finance ministry did not immediately respond to requests for comment.
India is aiming to expand its electronics manufacturing to $500 billion by the fiscal year 2030, including production of components worth $150 billion, according to the government's top policy think tank Niti Aayog.
India imported electronics, telecoms gear, and electrical products worth $89.8 billion in the fiscal year 2024, with more than half sourced from China and Hong Kong, according to an analysis by private think tank GTRI.
"This scheme is coming at a time when it is critical to promote component manufacturing that will help us aim for a global-scale of electronics production," Pankaj Mohindroo, head of India's Cellular and Electronics Association, said.