A study says Brazil needs US$200 billion to hit its 2030 climate goals. Most of this money should go to farming and energy, according to a report by consulting firm Oliver Wyman. Energy projects include wind and solar parks, better energy storage, and more efficient power use. The rest of the money will go into […]
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Opinion: Agroforestry can be part of the solution to saving the Amazon
By Kate Schecter* (Opinion) The Latin American countries that share the Amazon rainforest recently met to find ways to prevent further destruction of this precious natural treasure. As a vast carbon sink, losing more to clear-cutting will exacerbate climate change. To protect this massive forest, important to the entire world, Brazil’s government seeks to build […]
Brazil’s Foreign Investment to Drop, Central Bank Says
The Central Bank of Brazil anticipates foreign investment will drop to $65 billion this year, compared to $90.6 billion last year. They’ve revised the 2023 forecast from $75 billion to $65 billion, representing 3% of Brazil’s GDP. Inter-company loan repayments will likely decrease. The bank credits this to robust international trade earlier this year. Conversely, […]