Brazil: Lula 3.0 – Good news for climate and biodiversity?
- 24 April 2023 (5 min read)
What Lula’s victory means for Brazil’s environment
- The Amazon rainforest occupies half of Brazil, making it a key global player in the fight against climate change and the preservation of biodiversity
- Deforestation reached record levels under former President Bolsonaro but Lula´s track record suggests this could be a turning point for Brazil’s environmental policy
- Lula has promised to reach net-zero deforestation by 2030 and also to reach net-zero emissions in electricity generation
- But deep political polarisation will make legislative changes more difficult
- Cattle ranching and soybean production are the primary forces behind deforestation but are also key contributors to Brazil´s economy
- Longer term, increasing sustainability in the commodity and resource sectors of Brazil's economy could potentially lead to higher levels of international investment
Read more on Biodiversity
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Shifting the natural cost curve: The role of investors in protecting biodiversity
Why investing in biodiversity means looking at the solutions, not just the problems
Why, and how, investors should integrate biodiversity into fixed income portfolios
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