BNDES issues $179 bn in green bonds

BNDES issued $179 bn in Green Financial Bonds (LFV), known as “green bonds”. The bank will raise funds with the papers and pass them on to projects focused on sustainability. In the case of this issue, the resources will be allocated to wind or solar generation projects and the issue is 100% directed to the domestic market.

Source: Energia Hoje

Brazilian biodiesel production reaches historical record

Production of biodiesel on the domestic market has already surpassed that of the pre-pandemic period and reached its highest historical level. According to ANP data, there were 3.93 million barrels of oil equivalent (boe). In October, the regulatory agency reduced the biodiesel blend rate to diesel fuel, of fossil origin, from 12% to 11%. The measure was adopted because the supply of the product had fallen in previous months.

Source: Agencia Estado

Indigenous issue creates deadlock for Ferrogrão project

With more than 900 km, the railway was designed to take agricultural products from the Midwest to the export channels in the north of the country. The expected investment in the concession could impact 48 indigenous peoples’ territories. The indigenous people are against it because they have not been consulted on what the plan will look like, says Beptuk Metuktire of the Kayapo ethnic group.

Source: Money Times