By the end of 2020, Brazil’s fuel distributors had submitted 14,535,334 decarbonisation credits (CBios) acquired under the RenovaBio programme, the National Agency for Petroleum, Natural Gas and Biofuels (ANP) reported. The figure corresponds to 97.6% of the targets set for the 2019/2020 period.
Source: Money Times
Category: Geopolitics
Information about international affairs that can impact the Brazilian economy.
AGU charges more than $520 mm from Amazonian deforesters
In recent months, the Amazon Advocacy Task Force (AGU) has filed 114 public civil actions to charge more than R$2.6 billion ($520 mm) in environmental violations. The lawsuits reached approximately 230 accused of the devastation of 135,000 hectares of Legal Amazonia. Justice has ordered the blocking of more than R$776 million ($155 mm) in assets and values of large deforesters.
Source: Veja
Sale of energy distributors is on the radar of privatisation for 2021
Privatisation in the electricity sector is on the radar of government and investors in 2021, a year of little influence from electoral disputes affecting the calendar. In a scenario of low interest rates, the focus is on the advancement of the privatisation process of Eletrobras, the sale of the distribution and generation and transmission units (GT) of the state-owned CEEE, the amapaense distributor CEA, and possible advances in the privatisation of Cemig.
Source: UOL Economia
Boticario Group issues $200 mm in sustainability bonds
The Boticario Group issued R$ 1 billion ($200 mm) in bonds linked to sustainable targets. The sustainable-linked bond, “SLBs” aim to strengthen the commitment to improve business sustainability results by 2025 and reinforce the commitment to the best “ESG” practices. It is the first issue of its kind in the Brazilian market.
Source: Valor Investe
Infrastructure projects reduced agricultural shipping by 11% in value
According to the Ministry of Infrastructure’s annual balance sheet, 1,259 km of roads were built throughout the year, resulting in an average 11% reduction in the value of agricultural transport, the ministry said, based on studies by the Planning and Logistics Company (EPL). The Ministry of Infrastructure delivered 86 priority projects in 2020.
Source: Portal do Agronegocios
Fires in the Brazilian Amazon rose 25% up to October
The fires in the Brazilian Amazon Forest increased in October and the number of fires rose 25% in the first 10 months of 2020 compared to a year ago, showed data from Inpe. October saw 17,326 fires in the world’s largest rainforest, more than double the number of fires detected in the same month last year.
Source: Reuters
Sustainable development in the Amazon is the subject of an international forum
Sustainable development will be at the centre of the debates at the World Forum Amazonia + 21, promoted by the Federation of Industry of the State of Rondonia, with support from CNI. The debates will bring together experts from different parts of the world and will point the way to the promotion of the bio-economy, innovation, forest management, clean energy and green jobs.
Source: Veja
Privatisation will help protect the environment in Brazil
The government wants to include the privatisation and concessions program in the list of efforts to protect the environment. According to the government, building infrastructure through concessions and privatisation represents a favourable strategy for the environment, at a time when investors are tightening the siege on environmental policies and increasingly seeking ESG portfolios.
Source: Exame
Fund has $68mm to finance strategies in CLFI for Brazilian producers
The Sustainable Agriculture Finance Facility (SAFF) will offer to Brazilian producers credit to adopt or expand the use of Crop-Livestock-Forestry Integration (ILPF) strategies. In the first year, it will provide $68 million in funding, of which $62 million in producer credit and $6 million to finance certification programmes, research, technology transfer, technical assistance and certification.
Source: Agencia Estado
Total leaves controversial exploration project in Brazil
The French oil group Total announced that it had transferred to Petrobras its participation in an exploration project located in the basin of the Amazon, 120 km off the coast of Brazil, which has been criticised for many years by environmental organisations.
Source: UOL Economia
