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
Day: October 26, 2020
Half of Brazilian companies have no confidence in economic policy
The most recent data from the survey conducted by FGV Ibre shows that 52% of Brazilian companies state that a lack of confidence in the government’s economic policy is one of the main factors that are negatively influencing expectations of a changing business environment in the coming months.
Source: Folha
Investment in Brazil will fall in the decade for the first time
Between 2011 and 2020, investments are expected to have fallen by an average of 2.2% per year, according to a survey conducted by Ibre/FGV. This will be the first drop in investment for a ten-year period since 1980, known as the lost decade. Investment is yet another indication of the country’s economic weakness in the current decade.
Source: G1
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
