The offer of decarbonisation credits (CBios) for fuel distributors in 2020 is expected to surpass the 18 million bond mark, exceeding the mandatory marketing target set by the RenovaBio programme. Unica said that data from B3 indicated that 8.6 million CBios had been bought by distributors so far, and that there were another 6.3 million bonds available on the market.
Source: Money Times
A dramatic drop in interest rates has sparked a mortgage boom in Brazil, making home ownership feasible for thousands. Brazil’s mortgage market remains in its infancy, with outstanding home loans totalling R$720 bn ($135 billion), or around 10% of GDP, which is less than half the ratio in Chile and a fifth of the share in the U.S.
The GDP of the state of São Paulo grew 9.4% in the third quarter, compared to the second, when it fell 6.8%, as a result of seasonal adjustment, reported Fundação Seade. Over the same period last year, there was growth of 1.6%. In 12 months, there was a drop of 0.7 percent. Seade estimates that São Paulo’s GDP should close the year with a contraction of only 0.6%.
Source: Valor Investe
Petrobras is gradually broadening its environmental discourse, amid increasingly frequent movements of oil companies betting on renewable energies. For the period 2021 to 2025, the company projects investments of around $1 bn in environmental commitments. In the short and medium term, however, the state-owned company should continue to focus almost 100% on fossil fuels.
Petrobras raised the amount it intends to raise from the sale of assets in its 2021-2025 Strategic Plan, to between $25 billion and $35 billion. In total, Petrobras will sell 209 fields on land or low water, assets in Argentina, Bolivia, Colombia and the United States, the Marlim Complex (50%), the Albacora and Albacora Leste fields, and Frade.
Source: 6 Minutos