New tool allow rural credit transfers up to $3.8 bn to fintechs

The Brazilian government, banks and startups that finance the agricultural sector are working to create a
mechanism to allow banks to transfer part of the money from mandatory funds, raised by demand deposits, to
fintechs so they can lend it to farmers. A demand deposit is money deposited into a bank account with funds that
can be withdrawn on demand at any time. The idea is for startups to create investment funds and sell shares to banks, which would pay according to the requirements of the rural credit program. The estimated amount to be transferred to fintechs is R$20 billion ($3.8 bn) per harvest.

Source: Valor International

Sabesp starts up Brazil’s first gas-powered water pumping station

The station was inaugurated in the city of Osasco (SP) and the project is expected to be expanded. The project is part of a program to reduce water losses in the region that involves investments of around R$50 million ($9.5 mm). In addition to operational and energy safety, the project brings a 15% efficiency gain when compared to traditional systems. The initiative will benefit 9,300 people served by Sabesp.

Source: Energia Hoje

City of Rio wants to cut greenhouse gas emissions by 20% by 2030

The Rio de Janeiro City Hall has launched the Sustainable Development and Climate Action Plan (SDP), with targets to be reached by 2050. During the ceremony at Museu do Amanhã (Museum of Tomorrow), the Rio+30 Cities conference was announced for next year, with municipal managers. One of the main goals of the PDS is the reduction of greenhouse gas emissions by 20% by 2030, a medium-term horizon. By 2050, the proposal is that these emissions be neutralised.

Source: Money Times

ONS defends the release of more water in two thermoelectric plants

The National Electric System Operator (ONS) wants to release more water from the Furnas and Mascarenha de Moraes reservoirs and hold water in the headwaters of the rivers that supply most of the plants in the country in the coming months. The agency also defends the activation of all thermoelectric plants, which generate more expensive energy, to maintain the governability of the basins throughout the year.

Source: 6 Minutos