Hydroelectric plants will have an extra year in concessions

With a task force that included calculations of the last holiday, the CCEE concluded this week the preliminary calculations of the extension of the concession term of the hydroelectric plants with contracts in the free market and with debts related to hydrological risk. The calculations project an extension of 423 concessions with an average of 500 days

Source: Energia Hoje

Government zero-tax on soy and corn imports

The world’s largest exporter of soybeans, Brazil has decided to suspend the collection of import taxes on the grain, as well as soy bean and oil, until January 15, 2021. The decision of the Foreign Trade Chamber (Camex), of the Ministry of Economy, also applies to the importation of corn, whose import tax rate will be zeroed until March 31 of next year, as a way to contain the high price of food in the country.

Source: Agencia Brasil

Sebrae: Situation of micro & small companies remains critical

Silas Santiago, Public Policy Manager at Sebrae Nacional, evaluated that although Brazilian micro and small companies have begun to recover from the coronavirus crisis, their situation remains “critical. He defended a project that suspends the payment of taxes and another that foresees a special payment of debts related to taxes (Refis do Simples Nacional).

Source: G1

Brazilian innovation laboratory accepted as member of FC4S

The Financial Innovation Laboratory (LAB) has been accepted as a member of the Financial Centres for Sustainability (FC4S), a discussion group that develops innovative financial solutions to meet the United Nations (UN) Sustainable Development Goals (SDOs) as well as commitments to address the risks of climate change around the world.

Source: Agencia Brasil

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

Brazil is a leader in socio-environmental conflicts in the Amazon

Owner of the largest extension of the Amazon Forest, Brazil is also a leader in social and environmental conflicts in the region. A survey comparing the situation of four countries showed that, of the 1,308 confrontations recorded in 2017 and 2018, 995 occurred on Brazilian soil. The main cause of the conflicts is agribusiness, which involves both livestock and soybeans and other monocultures.

Source: Ambiente Brasil