Brazilian economy to grow 4.5% in 2021, World Bank projects

The Latin American economy will grow by 5.2% this year, above the 3.2% forecast in January, and Brazil’s will register an expansion of 4.5%, according to projections released by the World Bank (WB). The multilateral organisation stressed that economic growth in the region will depend on “moderate progress in vaccination, the relaxation of restrictive measures, and an increase in the price of raw materials.

Source: UOL Economia

Bovine slaughter in the first quarter has lowest level since 2009

The slaughter of cattle in the first quarter of this year was 6.56 million head, a drop of 10.6% compared to the first quarter of 2020 and 10.9% compared to the previous quarter. It is the lowest result since the first quarter of 2009. The data are from the Livestock Production Statistics, released by the Brazilian Institute of Geography and Statistics (IBGE).

Source: Money Times

Biodiesel production grew by almost 9% in the country in 2020

The sector’s revenues reached R$26.2 billion ($5 bn), an increase of almost 68% over the previous year. According to the Ministry, 98.4% of the volume sold had the Social Biofuel Seal, which requires the inclusion of family farmers in the production chain. In ethanol, there was a drop in the volume commercialised due to the pandemic. But corn ethanol production grew more than 84% in 2020, to 2.4 billion litres.

Source: Portal do Agronegocio

Sugarcane is the source of 19% of the energy consumed in Brazil

A publication by the Energy Research Company (EPE) shows that sugarcane biomass represents 19.1% of the internal energy supply (IOE) or 39.5% of all renewable energy used in Brazil. Separately, sugarcane has already positioned the country as a global reference in clean energies, contributing to a participation above the world average, 13.8% of renewables in the matrix, and developed countries members of the Organization for Economic Cooperation and Development (OECD), 11%.

Source: Portal do Agronegocio

Distributed generation should attract $3.2 bn in investments

Distributed generation should attract approximately R$ 16.7 billion ($3.2 bn) in investments this year, according to federal deputy Lafayette de Andrada, rapporteur of bill 5.829/2019, which provides for the implementation of a legal framework for DG in the country. The proposal is being processed in an urgent regime in the House of Representatives The main source for the modality is solar, which last year accounted for investments of R$ 11 billion ($2 bn) in systems installed on roofs, facades or small rural sites.

Source: Energia Hoje

Brazil could get $1.05 bn a year in revenues from global corporate taxation

Brazil could obtain 900 million euros ($1.05 bn) in additional revenue per year if it imposes a minimum global tax rate of 15% on Brazilian multinationals under a future tax agreement that may receive the green light from the G20 in July in Venice, Italy. The estimate is from the European Observatory on Taxation, based in Paris and financed by the European Union (EU).

Source: Valor Investe

Solar reaches 9 GW and may generate $27 bn in new investments in Brazil

Brazil has reached the historic mark of 9 GW of operational power in large photovoltaic plants and small and medium systems installed on roofs, facades and lands, informs a survey of the Brazilian Photovoltaic Solar Energy Association (Absolar), indicating that the source brought more than R$ 46 billion ($8.5bn) in investments and 270 thousand jobs to the country.

Source: Canal Energia