The Ministry of Economy raised its projection for GDP growth this year to 3,50% and also increased its estimate for inflation to 5,05%, even further away from the centre of the target of 3,75% for the period, showed the latest edition of the Macro-Fiscal Bulletin released by the Economic Policy Secretariat.
Source: Money Times
I-REC Standard has registered its first biogas plant in Brazil, UTE Biogás Bonfim. The enterprise has 21 MW of installed capacity and is located in Guariba, in São Paulo. Altogether, the I-REC system has already certified 200 plants with renewable consumption in the country. Among the certified projects are wind, hydro, solar, biomass and now a biogas power plant. In Brazil, the certification is issued by Instituto Totum, which grants permission to issue and transfer I-RECs.
Source: Energia Hoje
An unprecedented study developed by Brazilian researchers indicates that 94% of deforestation in the Amazon and the surrounding Matopiba region, which encompasses part of the states of Maranhão, Tocantins, Piauí and Bahia, is illegal. Since Bolsonaro took office in 2019, deforestation in the world’s largest rainforest has been on the rise. In the 12 months to August 2020, deforestation in the Brazilian Amazon increased by 9.5%.
Source: UOL Economia
The startup Shopper, an online supermarket for household items, has received a R$120 million ($23 mm) investment in a Series B investment round led by food company Minerva Foods and investment fund Quartz, owned by José Galló, chairman of the board of retailer Lojas Renner.
Source: Valor Investe
Brazil’s private port terminals handled 185.3 million tonnes in cargo in the first quarter of 2021, up 11% compared to the same period last year, with a boost from minerals and agricultural commodities trade, the Association of Private Port Terminals (ATP) said.
Source: R7 Economia