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
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
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.
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
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.
Vice President Hamilton Mourão, coordinator of the Amazon Council, said there are no illegal exports of products leaving the Amazon, in a statement at the World Forum Amazon +21. He also cited that the country has more than 60% of its coverage preserved, a rate that rises to more than 80% in the Amazon region, he said.
Source: Money Times
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).
The Rio Grande do Sul State Environmental Protection Foundation (Fepam) has issued an operating license (LO) for a SHP and a preliminary license (LP) for a solar power plant. The projects total 27.36 MW and R$ 158 million in investments. The documentation delivered to the company Quevedos Energéticas S.A. from Santa Catarina.
Source: Energia Hoje
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
Horizonte Minerals reported that it obtained $325 million loan to help finance the construction of a nickel mine in Brazil, and is in advanced negotiations to secure an additional $115 mm. The Araguaia project will produce ferronickel and construction is expected to begin in early 2021 with the cost of the first phase estimated at $440 mm.