Category: Geopolitics

Information about international affairs that can impact the Brazilian economy.

Environmental preservation can bring $10 bn per year to Brazil

Pressure from the private sector has made the federal government change its approach to the environmental issue, says Suzano’s president, Walter Schalka. “The numbers are clear: deforestation has increased in 2019 and 2020 and we need to go back to pre-2012 levels. This will generate credibility to Brazil and a high volume of investments”. In the Schalka’s perspective, carbon credits could bring $10 billion every year to the economy.

Source: Portal do Agronegocio

Bradesco, Itaú Unibanco and Santander launch the Amazon advisory board

The three major private banks in Brazil, Itaú Unibanco, Bradesco and Santander announced the establishment of the Amazon advisory board and have already selected its seven members. According to a statement, sustainability experts from the three financial institutions have already formed a working group, which has met regularly to propose concrete initiatives and actions for the Amazon region.

Source: UOL Economia

Water demand in Brazil may increase 80% by 2040

The demand for drinking water in Brazil may increase by almost 80% by 2040 in face of economic, demographic and climate changes. Considering only the economic and demographic growth of the coming years, Brazilians should demand 14.3 billion cubic meters of water in 2040. This figure is 43.5% higher than the amount of water that was delivered to the population in 2017.

Source: G1

Environmental and civil society present proposals for sustainable tax reform in Brazil

The Environmentalist Parliamentary Front promoted the presentation of nine proposals for the “Sustainable Tax Reform”. The proposals aim to respond to two challenges for the development of Brazil: on one hand, to simplify rules, reduce the tax burden and eliminate harmful subsidies; on the other hand, to favour the development of a green economy that puts the country at the forefront of the XXI century development paradigm.

Source: Money Times

Brazilian Minister defends zero interest to Amazon sustainable producer

Farmers who produce in accordance with Brazilian environmental law and in a sustainable way in the Amazon region should have incentives, including lower or “almost zero” bank interest rates, argued Agriculture Minister Tereza Cristina. In the Amazon, the rural producer can use 20% of the area, something that according to the minister should receive incentives if done in a sustainable way.

Source: R7

Project provides digital assistance to farmers in the Northeast of Brazil

The Ministry of Agriculture project, will bring remote technical assistance to family farmers in the Northeast through the internet at this time of pandemic. The Northeast was chosen because the region concentrates 46.6% of the country’s family farmers. The goal is to reach 100,000 families in the region. The initiative is a partnership between the government and the Inter-American Institute for Cooperation on Agriculture (IICA), and the NGO Precision Agriculture for Development (PAD).

Source: G1

Government transfers $114 mm from Lava Jato to defense in the Amazon

Information shows how the R$630 million ($114 mm) that, by decision of the Federal Supreme Court (STF), should be used to finance inspection and combat forest fires in the Amazon. The government’s decision to centralize all surveillance of the Amazon in the armed forces is already reflected in the volume of financial resources, R$ 530 million ($96 mm), equivalent to 84%, was allocated to the Ministry of Defense.

Source: Ambiente Brasil