The Public Forest Management Law (PFML), enacted in 2006, establishes the foundation for sustainable management of these areas through forest concessions. This study aims to analyze the advances, challenges, and opportunities of forest concessions in the Brazilian Amazon after 18 years of the PFML. Using a bibliographic and documentary review, the research explored various academic databases and sources of grey literature, as well as official documents and relevant legislation. The results indicate that the total area under forest concession in Brazil is approximately 188 million hectares, mainly concentrated in the state of Pará. However, this area represents only 14% of the established goal of 13 million hectares by 2020, highlighting a slow implementation of concessions. Extensive federal and state forest areas that are not designated can be accessed through forest concessions, helping to reduce illegal activities identified in these territories. Forest concessions are an alternative for the conservation of public areas, contributing to job creation and local income generation, as well as reducing deforestation and illegal logging. However, significant challenges persist, including bureaucratic complexity, high initial costs, legal uncertainty, and unfair competition with illegal wood. To overcome these challenges and maximize the benefits of forest concessions, it is recommended to simplify bidding processes and reduce bureaucracy, ensure a stable and predictable regulatory environment, diversify forest products by adopting multiple-use management, and strengthen governance and capacity building of local communities. Finally, it is urgent to conduct an evaluation of forest concessions as public policy to gain a clear understanding of the economic, social, and environmental benefits generated by the concessions compared to the financial and operational costs involved.
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