In Brazil, investors are also giving more importance to ESG criteria and this will change the stock market in the coming years, assesses Mário Mesquita. This movement should happen as investors “reward” companies with high ESG standards and practices. The share of these sectors in the stock market tends to grow, making the stock market more balanced and less concentrated in a carbon-intensive sector.
Source: Valor Investe
The government plans to hold the auction for the transposition of the San Francisco River in July 2021. The winning company will take care of the operation of the reservoirs, pumping stations and 447Km of canals in the Northeast. Investments in the project have already reached R$10.8 billion ($2 bn) and the total value for completion is estimated at R$12 billion ($2.2 bn).
Embraer and EDP Brasil announced a partnership for electric aircraft research, with the energy company making a contribution for the acquisition of the technology solution for energy storage and recharging the 100% electric propulsion aircraft. The prototype, an EMB-203 Ipanema, is already under development and has the first flight scheduled for 2021.
Source: Agencia Estado
The Renovabio programme, which sets targets for decarbonisation in fuel distribution, has reached the mark of 15 million validated decarbonisation credits (CBios), the ANP reported. That amount guarantees the availability of CBios for total compliance with the target of 14.9 million credits established by the government for 2019 and 2020.
Source: Money Times
A webinar organized by SIMA and Abisolo aimed to discuss the composting and disposal of solid waste in Brazil. For the sector entities, the reuse of waste by agribusiness is fundamental to save the extraction of new mineral resources, increase the life span of landfills and increase the productivity of the field.
Source: Invest SP
São Paulo state has surpassed the mark of 500 MW operating in distributed generation from the solar source, points out ABSOLAR. With this, SP assumed the second position in the state ranking of photovoltaic GD in Brazil. The same mapping indicates that Santa Catarina surpassed the mark of 200 MW operating in GD and occupies the seventh position in the same ranking.
Source: Portal Solar
Brazil registers an unprecedented increase in domestic demand for sugar, and the strong domestic consumption of the world’s largest producer of the commodity aggravates the global deficit scenario. Mills in the Center-South region, which accounts for 90% of the country’s sugar production, sold 10% more of the commodity to the domestic market, according to Unica.
Source: Money Times
The expansion of the electricity sector until mid-November totalled 3,934.81 MW released by the National Electrical Energy Agency. According to the agency, in November there were five new wind farms, which together totalled 155.4 MW in installed capacity, divided into two farms, one in Bahia and the other in Piauí.
Source: Canal Energia
National tourism lost R$41.6 billion ($7.7 bn) between March and September 2020, the period of the COVID-19 pandemic in Brazil. The amount represents a 44% drop in revenues compared to the same period last year, according to a survey by FecomercioSP. The retraction is mainly driven by the air transport sector.
Source: Isto É
Known for its commitment to the ESG theme, Nordea Asset Management wants to expand access to knowledge in Brazil, in a market that is increasing interest in the theme. XP Inc. has partnered with Nordea Asset to train its more than 7,000 investment advisors on ESG practices.