Brazil

Brazil hosted world leaders on Thursday for a summit ahead of the COP30 Climate Conference in the rainforest city Belem. Leaders have made some interesting comments. U.N. SECRETAIRE-GENERAL ANTONIO GUTERRES We can either choose to lead or we can be led into ruin. "Too many companies are making record profits by destroying the climate, while spending billions on lobbying and deceiving public opinion and obstructing advancement. And too many leaders continue to be captive to these entrenched interest." BRAZILIAN PRESIDENT LUIZ INACIO LULA DA SILVA We need a road map to plan an equitable way to undo the deforestation and...

The data on global warming shows a sobering picture as leaders gather in Brazil for the U.N. Climate Summit this month. Three decades have passed since the first annual climate conference. Scientists warn that global temperatures will soon exceed thresholds that could cause catastrophic damage to our planet. Despite years and years of summits and negotiations, greenhouse gas emission has risen by a third. The conventions have had some positive effects, but they are not enough to guarantee the future of life on Earth, said Juan Carlos Monterrey. He is Panama's Special Representative for Climate Change, and he is leading...

Prince William of Britain expressed optimism about the global environmental challenges on Wednesday at an event with a star studded crowd in Rio de Janeiro to celebrate the fifth edition EarthShot Prize. William's visit to Latin America is just a few days before Brazil hosts the UN Climate Summit COP30 in next week. William, who founded the award in 2020 after being inspired by his visit to Namibia, said: "I can understand why some people might be discouraged during these uncertain times." I understand that so much work remains to be done. This is not the time to be complacent....

Luiz inacio Lula da Solo, Brazil's president, is still reeling from the aftermath of his country's deadliest police operation. He has been left unable to handle political fallout as he tries to reconcile growing international concern over human rights abuses with public support for an aggressive crackdown on crime. This divide highlights a broader problem facing Lula. He is hoping to be re-elected next year, and has devoted much of his political capital towards an "ecological transform" of Brazil's economic system, capped off by the U.N. Climate Conference COP30, which starts this week. However, most Brazilians seem more concerned with...

A new U.N. study said that record wildfires in combination with rising temperatures could turn vital carbon sinks like forests into carbon emitters. According to a report released by the U.N. Economic Commission for Europe ahead of the COP30 Climate Conference in Brazil, forests in Europe, North America and Central Asia have slowed their ability absorb carbon dioxide. It warned that if current trends continue these forests may reach a tipping-point where they start releasing more CO2 than they can absorb. The Paris Agreement targets a reduction of CO2 emissions in order to limit global warming to 1.5 degrees Celsius....

Brazil's President said that a U.N. Report warning that global carbon emissions are too high to stop global warming has prompted him to declare that the U.N. Climate Change Summit in the Amazon this month will be a COP of Truth and offer real solutions. Despite 30 years of global negotiations, the Paris Agreement of a decade back failed to prevent the world from warming beyond 1.5 degrees Celsius. The United Nations Environment Programme stated on Tuesday that the world is heading for a 2.3 to 2.5degC extreme warming. The forecast is based on the assumption that countries will meet...

Inter-American Development Bank's (IDB) first Amazonia Bond raised $100 million to combat deforestation, boost local communities and support them, according to its chief. Other countries will follow soon. The coupon rate for the five-year bond is 3.802%. Ilan Goldfajn, President of the IDB, said that the operation is the start of a plan for the IDB to issue bonds up to $1 billion "over time." He added that the Brazilian government has told them they intend to issue similar bonds using the same framework developed by the IDB and the World Bank. Brazil's Treasury said that "studies are underway" to...

Inter-American Development Bank's (IDB) first Amazonia Bond raised $100 million to combat deforestation, boost local communities and support them, according to its chief. Other countries will follow soon. The coupon rate for the five-year bond is 3.802%. Ilan Goldfajn, President of the IDB, said that the operation is the start of a plan for the IDB to issue bonds up to $1 billion "over time." He added that the Brazilian government has told them they intend to issue similar bonds using the same framework developed by the IDB and the World Bank. Brazil's Treasury said that "studies are underway" to...

Conab, Brazil's crop forecaster and food supply agency, raised Tuesday its projections for sugar production by the country in 2025/26. The season began in April. Conab's estimate of Brazil's sugar output was 45.02 millions metric tons. This is a half-million tons more than its previous forecast. This is higher than the 44.12 millions tons of sugar produced last year. According to the government agency, sugarcane production fell by 0.35% in the last stages of harvesting. Conab stated that the sugar production was higher despite the smaller sugarcane harvest because mills allocated more cane for the production of sweetener. They are...

The grain traders group Abiove said that the vote of Brazil's Supreme Court, which took place on Monday, recognising legality and effectiveness of the soy-moratorium, a corporate agreement under investigation by Brazil’s antitrust agency, confirms its legitimacy and efficiency. Why it's important The ruling by Supreme Court Justice Flavio DiNo supports a longstanding corporate environment agreement that prohibits soybean traders from purchasing from farmers who cleared land from the Amazon rainforest in July 2008. It also shapes the soy trading in Brazil, which is the world's biggest soybean exporter. CONTEXT The soy ban was intended to reduce deforestation by limiting...

Indigenous women in the Amazon say they are afraid of getting pregnant. The rivers that were once the lifeblood for their people are now contaminated with mercury due to illegal gold mining. This poses a threat to the unborn children. Alessandra Korap, a leader from the Munduruku tribe, said that "breast milk is no more reliable." The family of Rany Ketlen, aged three, lives in Sai Cinza a Munduruku village surrounded by illegal mining. They struggle to understand why Rany is unable to lift her head or suffer from muscle spasms. Scientists could have an answer soon. Rany is among...

Prince William will be in Brazil next week to receive his multi-million dollar environmental prize. He hopes to divert attention from the scandal surrounding his uncle Andrew to the causes of the royal family. William, the British heir, will make his first Latin American visit and will see some of Rio de Janeiro’s most famous sights. The goal is to bring the attention of the public to a number of environmental projects in advance the award ceremony for the Prince's Earthshot Prize. The visit came just days after King Charles stripped Andrew of his princely title and expelled him from...

Ding Xuexiang, vice premier of China, called on fellow leaders to show "true multiculturalism" at the climate summit held in Brazil. Ding, via a translation, said: "We must strengthen international collaboration in green technology and the industry, remove trade obstacles, and ensure free flow of high-quality green products, to better meet global sustainable development needs." Ding told the official Xinhua News Agency on Friday that the developed countries must fulfill their obligation "to lead in emission reduction and honour their funding commitments", as well as provide more assistance to developing countries. He said that China was willing to work with...

A document seen by revealed that European nations have thrown their weight behind a plan worth $2.5 billion to save the Congo forest. This conservation scheme could steal some of the thunder from Brazil's flagship initiative for the COP30. The U.N. Climate talks are being held this year in the Brazilian Amazon to draw attention to the issue of emissions caused by rampant deforestation. The initiative, led by France, is called "The Belem Call to the Forests of the Congo Basin". It has the backing of Germany, Norway and Britain. The initiative's supporters hope to mobilize resources in order to...

Brazil raised $2.25bn on Thursday through a new dollar-bond sale. This was its fourth international market transaction this year. It also included sustainable notes, as the country hosts world leaders at the United Nations Climate Summit. Brazil's Treasury issued a statement saying it had sold $1.5 billion of new sustainable bonds that are due in 2033, and $750 million more through a retap on its benchmark 10-year bond. IFR, a fixed-income news service, was the first to report on these values. Treasury said the 8-year bond was issued with a 5.75% yield, while the 2035 bonds have a yield 6.2%....

Brazil will host world leaders at a summit in Belem, a rainforest city, on Thursday before the COP30 Climate Conference. What the leaders have to say U.N. SECRETAIRE-GENERAL ANTONIO GUTERRES We can either choose to lead or we can be led into ruin. "Too many companies are making record profits by destroying the climate, while spending billions on lobbying and deceiving public opinion and obstructing advancement. And too many leaders continue to be captives of these entrenched interest." BRAZILIAN PRESIDENT LUIZ INACIO LULA DA SILVA We need a road map to plan an equitable way to undo the deforestation and...

Brazil will host world leaders at a summit in Belem, a rainforest city, on Thursday before the COP30 Climate Conference. What the leaders have to say U.N. SECRETAIRE-GENERAL ANTONIO GUTERRES We can either choose to lead or we can be led into ruin. "Too many companies are making record profits by destroying the climate, while spending billions on lobbying and deceiving public opinion and obstructing advancement. And too many leaders continue to be captive to these entrenched interest." BRAZILIAN PRESIDENT LUIZ INACIO LULA DA SILVA We need a road map to plan an equitable way to undo the deforestation and...

The world leaders who are gathering in Brazil to discuss climate change are deliberately thousands of miles from the finance and business leaders that they hope will fund the fight against global heating. The executives who have attended the recent U.N. Climate Summits in Baku and Dubai, Sharm el-Sheikh, Glasgow, are now gathered in Sao Paulo's business district, instead of battling for hotel rooms in Belem, the small Amazonian town hosting the summit this year. The Brazilian government has given the green light to finance-focused conferences hosted by third parties. This has attracted thousands of registrants around the globe. The...

After a full year of discussions, COP30 hosts Brazil laid out a plan on Wednesday to increase climate finance from $1.3 trillion a years to $1.3 trillion a day. They also faced early signs that the political landscape was becoming more challenging as the Amazonian City of Belem prepared to host world leaders. The document, which is almost 100 pages long, has been dubbed Baku to Belem Roadmap. It was created after months of discussions with various stakeholders following the conclusion of the event held in Azerbaijan last year. As emissions continue to increase, some of the world's poorest nations...

Luiz inacio Lula da Sol was left stunned by the most deadly police operation Brazil has ever seen. He is now trying to deal with the political fallout as he tries to reconcile growing international concern over human rights violations and public support for an aggressive crackdown on crime. This divide highlights a broader problem facing Lula. He is hoping to be re-elected next year, and has devoted much of his political capital towards an "ecological transform" of Brazil's economic system, capped off by the U.N. Climate Conference COP30, which starts this week. However, most Brazilians seem more concerned with...

Fernando Haddad, Brazil's Finance minister, said that mobilizing 10 billion dollars in public resources to the Tropical Forests Forever Facility would be an ambitious but "possible target" for its first-year. The TFFF is a flagship project for Brazil, as it hosts the COP30 Climate Talks. It aims to raise $125 Billion to support global conservation of endangered forest. Haddad, speaking on the sidelines a Bloomberg event held in Sao Paulo said that other nations might indicate contributions to the fund at the United Nations Climate Summit in Belem, Brazil next week. Haddad, a G20 member, said that if a few...

Prince William traveled to Brazil for a ceremony to award his multi-million dollar environmental prize. He hoped to divert attention from the scandal surrounding his uncle Andrew to the causes of the royals. William, the British heir, will make his first Latin American visit and will see some of Rio de Janeiro landmarks. The goal is to bring the attention of the public to a number of environmental projects in advance the award ceremony for the Prince's Earthshot Prize. The visit came just days after King Charles stripped Andrew of his princely title and expelled him from his mansion. He...

Executives revealed that a climate finance platform, co-founded by MUFG (Japan's largest financial group), has raised $600 million in order to assist countries in developing markets to adapt to climate change impacts and reduce emissions. Bill Gates, a billionaire investor and business leader in Brazil, made the announcement as business leaders gathered ahead of COP30 climate talks. The GAIA Climate Loan Fund will support projects that build resilience in countries as extreme weather events like floods and droughts become more intense. Ariane Pvide, Director of Climate and Blended Finance, MUFG, stated in an emailed comment that "Adaptation Finance has become...

Data released by the government on Thursday showed that deforestation rates in Brazil's Amazon rainforest dropped 11.08% between January and July of last year, a record low. The data was released days before Brazil hosts the United Nations Climate Summit known as COP30. This is a victory for President Luiz inacio Lula Da Silva who wants to highlight his government's achievements on the environment at the conference. Lula has committed to ending all deforestation within the country by 2030. Amazon destruction has decreased by half since the start of his tenure in 2023. Inpe, the Brazilian space agency, released a...