Companies with Brazilian forest concessions would be allowed to generate carbon credits under a bill passed by its Congress this week that marks a first step in regulating the country’s voluntary carbon market. Private firms have shown little interest in a government program that leases publicly owned forests for sustainable logging, but the legislation could boost the concessions’ appeal with investors by generating an additional revenue stream. “This is an economic activity that will boost others that can be done in forestry concessions,” said Jacqueline Ferreira, a portfolio manager at Instituto Escolhas, an environmental nonprofit involved in consultations on the bill. President Luiz Inacio Lula da Silva, who now must sign or veto parts or all of the bill within 15 days, has made reining in deforestation a priority as he seeks to reverse the policies of his right-wing predecessor, Jair Bolsonaro. Forest leased to private firms in Brazil can …