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Energy Markets

Environment

Environment

After 25 years of negotiation, EU and Mercosur Sign Trade Deal

After 25 years of negotiation, top officials from the EU signed a free-trade agreement with the Mercosur bloc in Paraguay on Saturday. This is the largest trade deal ever for the European Union. The agreement is designed to lower tariffs between the two regions and increase trade. It must now be approved by the European Parliament, and ratified in the Mercosur member countries of Argentina, Brazil?Paraguay, and Uruguay. The European Commission's Ursula von der Leyen, the European Council's Antonio Costa, and the Mercosur presidents all attended the ceremony on Saturday, except for the Brazilian President Luiz Inacio Lula Da Silva...

Environment

UN Biodiversity Treaty comes into force and aims to protect 30% oceans by 2030

On Saturday, a landmark global treaty to preserve biodiversity on the high seas went into effect. It provides countries with a legally-binding framework to tackle threats like overfishing and achieve a 30% target for the ocean environment by 2030. After 15 years of negotiation, the U.N. Biodiversity beyond National Jurisdiction Treaty (BBNJ) was finalised in March of 2023. It will create a global "marine protection area" network in previously unregulated ocean ecologies in international waters. At a press briefing, Adam McCarthy, the first assistant secretary of the Australian Foreign Ministry and co-chairman of the treaty’s preparatory comittee, said: "It is...

Environment

Brazil's crop agency confirms record soybean crop in new estimate

Conab, the Brazilian crop agency, projected a record soybean production of 176.12 millions metric tons for the upcoming marketing year 2025/26. This is a 2.7% increase from the previous 'crop. Conab's slightly lower yields of 3,619 kilograms per hectare in this year are cited as the reason for the updated estimate. This is 1 million tons less than what was projected by Conab back in December. Conab reported that Brazilian soybean farmers planted 48.67?million hectares (120.2?million acres), a 2.8% rise from the previous season. It added that the harvesting of Brazil's soy new crop has already started in Parana and...

Pollution

Nestle CEO apologizes for instant formula recall

Nestle CEO Philipp Navratil apologized?over the recall of certain batches of 'the?firms infant nutrition products in dozens of -countries. This was a new blow for the Swiss consumer goods company after a difficult 2025. "Before I go into more detail about the situation, I want to sincerely apologize for any worry or disruption this may have caused our customers, our caregivers, and parents," Navratil stated in a video released by the 'company. Navratil announced that all recalls had been made. According to the CEO, there are no confirmed illnesses linked to products. The recall has increased the 'pressure' on KitKat...

Environment

Brazil's seed collectors fight Amazon deforestation

Restoration projects in Brazil have increased 160% since 2020 Wildfire-fueled deforestation breaks records Restoring soil with seed is a cost-effective alternative By Andre Cabette Fabio Oliveira, a seed collector from Mato Grosso is among the?more that 700 members of the Xingu Seeds Network who are working to recover forests and savannas in this major agricultural state. After the Brazilian government committed to restore 12,000,000 hectares of natural areas (or 30,000,000 acres) by 2030, as part of its climate goals in the 2015 Paris Agreement, forest restoration is now taking hold. This is thanks to the support of civil society, businesses,...

Pollution

Nestle recalls infant formula in China and Brazil

Nestle has expanded its recall of certain batches of infant nutritional products beyond Europe, to include the Americas, Asia, China, and Brazil. This is according to statements from the company and the national health ministries. Nestle has recalled batches of SMA formula, BEBA formula, NAN formula, and Alfamino due to possible contamination by cereulide. This toxin can cause nausea and vomiting. At least 37 countries have issued health warnings about the possibility of contamination in infant formulas. This includes?most European States, Australia, Brazil and China. Nestle and its new CEO Philipp Navratil are under more pressure after the recall. Nestle...

Environment

Brazil's robusta coffee producers push for quality despite rising prices and climate concerns

In the midst of the bustle and noise in a posh coffee shop located on Sao Paulo’s Oscar Freire Avenue a barista prepares an unusual espresso. The shot is extra creamy with a cocoa nib aroma, but lacks the acidity that distinguishes coffees made from arabica beans. This premium espresso is 100% robusta, a bean that has been criticized in the coffee industry as a cheap filler more suited to instant coffee. Marco Kerkmeester said that the coffee has a lot more chocolatey notes and makes a great crema. He also noted the appeal of a variety cheekily labelled "0%...

Environment

JSW Steel is India's top iron ore buyer, with imports from January to October at a six-year-high.

Analysts and trade officials reported that India's imports of iron ore reached a six-year-high this year, as steel mills increased overseas purchases in order to meet shortages of ore of high quality and to take advantage of the lower global prices of steelmaking raw materials. Lalit Ladkat is a senior analyst with the London-based CRU Group. He said that iron ore imports have more than doubled in the first ten months of 2025 compared to a year ago. Analysts and officials have said that between January and October JSW Steel - the country's largest steelmaker in terms of capacity -...

Environment

Brazil's environment minister and climate summit star faces political struggles at home

Brazilian Environment Minister Marina Silva fought tears while global diplomats applauded for several minutes Saturday at the closing plenary session of the COP30 climate summit. She told the delegates in the Amazon rainforest town of Belem that "we've made modest progress, even if it was modest." Then she raised her fist defiantly above her head. "The courage to face the climate crisis is a result of persistence and collective efforts." The Brazilian hosts were able to release their frustrations in the tense room where many nations expressed their displeasure with a deal which failed to mention fossil-fuels, even though they...

Environment

The EU objectors to the proposed deal prolong the COP30 discussions

Brazil's COP30 summit was forced to face a crucial day on Saturday after all-night discussions to break an impasse. The European Union had blocked a deal that it felt would not advance efforts to curb greenhouse gases, which are driving global climate changes. The two-week climate conference, billed as an opportunity to demonstrate that nations could still unite to combat climate change in the absence of the United States, was supposed to end on Friday. However the standoff forced the negotiators to work overtime. The Brazilian presidency tried to reach a compromise over a deal which most of the 200...

Carbon Emissions

New technology could help COP30 achieve its Amazon rainforest conservation goals

COP30 talks on climate change will focus on protecting forests Amazon is using technology to protect the environment A project that uses drones and AI to restore degraded forest Clar NiChonghaile & Rosalind Thacker The mangrove trees, which resemble upside-down tree branches and extend into the waters to provide habitat for crabs and fish, are under threat. Two years ago (coastal erosion destroyed the homes of 15 residents living here on the coast). "It was very strong," Patricia Farias Ribeiro said, a local resident. Researchers are responding by using sensors that cost little to nothing to measure air temperature, rainfall,...

Environment

Belem in Brazil, the host city of COP30, is trying to boost its economy and preserve Amazon rainforest.

Brazil's economic model is designed to benefit locals from a healthy forest. It was developed on the banks of Guama River, where the city Belem borders the Amazon rainforest. The state government of Para, instead of clearing trees to make way for mines and cattle, unveiled this year a research-and-development program that will help locals turn forest products such as acai or Brazil nuts into goods destined for international markets. The program is a part of a larger plan to demonstrate to the world, in Belem, the host city for the COP30 climate summit, that Brazil can protect the Amazon...

Mining

Mining

Dutch lithium supplier AMG wants to bypass China

AMG Critical Materials, a Dutch lithium miner and supplier, plans to reduce its dependence on China through the processing of?battery grade lithium for electric cars in Brazil, Portugal, and Germany. AMG Development Head Michael Connor stated that the?firm aimed to create a "lithium road" connecting these three countries, allowing the company to bypass China which he said was the only option currently available for processing this material. He said, "Our goal is building this processing capacity both in Brazil and Portugal to establish a Western provider for this expertise. This does not exist yet." EUROPE CAN CATCH-UP WITH CHINA Europe...

Mining

Vale's Iron Ore Production will surpass Rio Tinto Pilbara's Pilbara by 2025.

Vale, a Brazilian mining company, announced on Tuesday that it expects its iron ore output to reach 336.1 million tons by 2025. This is the first time since 2018 that Vale's production will surpass that of Rio Tinto Pilbara in Australia. Vale's output rose by 2.6% in the last year compared to 2024. This is in line with its December projection that it would be producing around 335 millions metric tons. In 2025's fourth quarter, the company produced 90.4 million tonnes, an increase of 6% on a year-on-year basis. Analysts say that Vale's results, which include copper and nickel mining,...

Mining

Sources say that Chinalco has joined the bidding for Brazil's CBA.

Two people with knowledge of the situation say that negotiations?with 'Emirates Global Aluminium' have slowed down. One source said that the process is still competitive. One of the people involved in the negotiations said that China's Aluminum Corporation of China and a third bidder were actively pursuing this deal. One of the sources stated that an announcement could be made within days or even weeks. Negotiations?could, however, still fail. CBA and Grupo Votorantim (which controls CBA) declined to comment. EGA and Chinalco didn't immediately respond to requests for comments. CBA is a Brazilian aluminium producer in seven Brazilian states. Votorantim...

Mineral Resources

Climate Change

Climate Change

Bild reports that Germany will offer up to $7,000 in electric vehicle subsidies.

The German government will provide subsidies up to $7,000 for families with low and medium incomes to purchase new electric vehicles, according to a report in the 'Bild' newspaper on Friday. Berlin is hoping to boost sluggish sales within one of its key industries. German automakers are struggling to transition to electric cars, as demand is lower than expected. Bild, citing the Environment Ministry, reported that the government plans to provide new subsidies between 1,500 euros and 6,000 euro ($1,700-$7,000). Bild did not mention any requirements for local production to qualify for the subsidy. The report said that applications can...

Climate Change

Brazil's Lula claims that'multilateralism wins' despite Trump's opposition

Brazil's president Luiz inacio Lula da Silva said that the G20 climate summit in South Africa, and the COP30 summit in Brazil, show that multilateralism remains alive despite attempts by U.S. Donald Trump to dismantle. "Trump is trying to preach against multilateralism and to reinforce unilateralism. "I think multilateralism is going to win," he said to reporters at the Group of 20 summit in Johannesburg. Lula said that Trump's absence from the summit "didn't really matter" to him. "The G20 is still strong." "We need to put the decisions we made into action," he said. He added that he was...

Climate Change

Erdogan praises a'meaningful deal' with Australia regarding hosting the COP31 Summit

The Turkish president Tayyip Erdoan praised the deal that was reached on Saturday with Australia to host the U.N. Climate Summit next year, calling it a significant achievement for multilateralism. After a long standoff, both countries have agreed that Turkey will be the host of the COP31 Summit in 2026 and Australia will lead the negotiations. Ankara, Canberra and both had bid to host the conference in 2022 and refused to back down since. Erdogan said at an event on Saturday night in Johannesburg, "Considering that multilateralism in recent years has lost ground, I consider this agreement we reached with...

Fossil Fuels

The EU objectors to the proposed deal prolong the COP30 discussions

Brazil's COP30 Climate Summit faced a crunch-day on Saturday, after all night talks to overcome an impass after the European Union had blocked a deal it claimed would not advance efforts to curb greenhouse gases that are driving global climate changes. The two-week climate conference, billed as an opportunity to demonstrate that nations could still unite to combat climate change in the absence of the United States, was supposed to end on Friday. However the standoff forced the negotiators to work overtime. The Brazilian presidency tried to reach a compromise over a deal which most of the 200 countries attending...

Pollution

Draft COP30 deal drops effort for fossil fuel transition agreement

Brazil, the COP30 summit's president, released a draft of a proposed agreement for this year’s U.N. Climate Summit early on Friday. It dropped a proposal that was included in a previous version to develop a plan to move away from fossil-fuels. This issue was one of the most controversial at the two week conference in the Brazilian Amazon city of Belem, attended by nearly 200 government officials. The nations have been arguing over the future for fossil fuels. Their burning releases greenhouse gases, which are the biggest contributors to global warming. The first draft of the deal, which was released...

Carbon Emissions

Focus on wildfire prevention at COP30 amid record destruction

Wildfires caused the largest tropical forest losses in 2024 Global warming is expected to worsen destruction Communities put in the center of fire prevention at COP30 By Andre Cabette Fabio The government agencies responsible for the environment and forests in Ecuador, Peru Ghana and Kenya, along with more than 30 environmental and indigenous groups from around the world, signed an agreement that will secure $100 million by 2030. The pledge will initially focus on the Amazon Basin - the largest tropical forest in the world, which is located mostly in Brazil. Fires are raging in forests that were not likely...

Climate Change

Can COP30 help frontline resilience in the face of more heat and storms?

COP30 discusses how to measure climate adaptation and pay for it Farmers say that they are not receiving enough climate funding Extreme weather events are increasing and requiring more funding for adaptation. Clar NiChonghaile This kind of climate change is not uncommon in Parana, where the summers are now hotter and the winters colder. Droughts have also become more frequent. Six people were killed by a tornado that struck Rio Bonito do Iguacu, Parana on November 7. Bevilacqua Mendonca (35), wants COP30 to do more for smallholder farmers to adapt to extreme weather by providing them with funds to access...

Climate Change

Study finds that deforestation in Brazil’s Cerrado region reduces soybean production potential

According to a study published on Monday, clearing land for agricultural purposes in Brazil's Cerrado tropical Savanna region leads to drier conditions which ultimately harm soybean yields. The study was first shared with and argues that falling yields drive farmers to clear more land. This further accelerates degradation of Brazil's largest biome, the Amazon, and hinders conservation efforts. Zero Carbon Analytics released a press release detailing the findings of their study. "Our new analyses found that farmers clearing native vegetation to plant soy have climate impacts far beyond the cleared areas," the group said. Brazil's Cerrado Region covers more than...

Climate Change

Australian Energy Minister pushes for COP31 to be hosted at Brazil Climate Summit

Chris Bowen, Australia's energy minister, said he will travel to Brazil on Saturday for the COP30 summit to press Australia to host the summit next year. This is despite a dispute with Turkey over hosting rights. Since then, both Australia and Turkey have refused to compromise on the issue. This month, Australian Prime Minister Anthony Albanese wrote to Turkish President Tayyip Erdoan in an effort to resolve the longstanding tussle. Bowen told reporters at Sydney Airport that a decision would be taken at COP30. He also asserted "Australia has the overwhelming backing of the world" to host the conference next...

Climate Change

Australian Energy Minister pushes for COP31 to be hosted at Brazil Climate Summit

Chris Bowen, Australia's energy minister, said he will travel to Brazil on Saturday for the COP30 summit to press Australia to host the summit next year. This is despite a dispute with Turkey over hosting rights. Both Australia and Turkey bid in 2022 for the United Nations Climate Conference and have refused to give up their positions ever since. This month, Australian Prime Minister Anthony Albanese wrote to Turkish president Tayyip Erdoan in an effort to resolve the longstanding dispute. Bowen stated in a press release that he will advocate strongly for Australia at the summit to be held in...

Climate Change

Brazilian protesters barricade the entrance to the COP30 Climate Summit

On Friday morning in Brazil, dozens of indigenous protesters blocked the entrance of the COP30 Summit venue. They staged a sit-in which forced delegates into a side door to resume their climate change negotiations. During the peaceful protests, security guards increased checks, and long queues formed to get into the compound. The sprawling complex is built on an old airport site in the Amazonian city of Belem. The venue hosts the annual U.N. Climate Conference where delegates of 195 countries are trying to make progress in halting global temperature rises that threaten delicate ecosystems, including the Amazon rainforest. The protesters...

Climate Change

Security clashes with protesters as they force their way in to the COP30 summit venue

On Tuesday, dozens of indigenous protesters forced themselves into the COP30 Climate Summit venue and clashed violently with security guards. The protesters shouted angrily and demanded entry to the U.N. compound, where thousands of delegates are attending the U.N. Climate Summit this year. Some carried flags or signs that said "Our land is not for Sale" or slogans urging land rights. A leader of the Tupinamba tribe, located near the lower reaches Tapajos River on the Brazilian coast, expressed his displeasure at the ongoing development. Gilmar, a man who goes by only one name, said: "We cannot eat money." "We...