ESG will change the Brazilian stock market, says Itaú’s chief economist

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

Government will privatise services of transposition of the San Francisco in 2021

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).

Source: Folha

Embraer and EDP Brazil enter into a partnership for an electric airplane

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

RenovaBio reaches 15 million CBios; distributors bought 56% of the target

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

São Paulo and Santa Catarina reach expressive marks in distributed solar generation

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

Strong demand for sugar in Brazil increases global deficit

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