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Fuels to have emission reduction targets

16/03/2018 at 13:25h

Brasília – The National Council on Energy Policy (CNPE) will have until June 15 to set the greenhouse gas emissions reduction targets for the next ten years. The measure is part of a decree that regulates the National Policy of Biofuels (RenovaBio), signed this Wednesday (14) by president Michel Temer.

RenovaBio is the first initiative aligned with the targets that Brazil adhered to in the context of the Paris Agreement on climate change. Brazil’s target proposes to cut in 37% the emissions until 2025, with the intention of cutting them in 43% until 2030. RenovaBio will encourage the economy with low emissions and ensure environmental preservation and social development of the country.

Brazil is the world’s second largest biofuels producer. RenovaBio plans the increase of the participation of renewable sources in a way that is compatible with the market’s growth, encouraging innovation and energy efficiency.

Via ANBA Newsroom.Translated by Sérgio Kakitani

Market sees government deficit narrowing

15/03/2018 at 15:38h

Brasília – A poll of financial institutions by Brazil’s Ministry of Finance shows that the primary deficit forecast for this year from the so-called Central Government (National Treasury, Social Security and Central Bank) has narrowed from BRL 149.186 billion to BRL 139.132 billion. The Prisma Fiscal poll was released this Thursday (15) in Brasília by the Finance Ministry’s Secretariat for Economic Policy. The 2019 forecast is down to BRL 111.892 billion, from BRL 119 billion as per last month’s poll.

Via Agência Brasil. Translated by Gabriel Pomerancblum

Agreement to drive São Paulo exports

14/03/2018 at 12:34h

Investe SP, a São Paulo state government arm, will also be involved, since it covers the entire state. According to the Ministry, the São Paulo municipality is the biggest exporter of goods in Brazil. In 2017, local companies shipped some USD 8 billion worth of goods abroad, accounting for 13.7% of total exports from the state and nearly 4% of exports from Brazil.

Translated by Gabriel Pomerancblum

Brazilian consumers are pessimistic

13/03/2018 at 12:45h

São Paulo – Brazil’s Consumer Confidence Indicator reached 42.8 points in February, up slightly from 41.4 in February 2017. The score shows consumer outlook regarding the economy is pessimistic, a poll from credit bureau Serviço de Proteção ao Crédito (SPC Brasil) and retailer association Confederação Nacional de Dirigentes Lojistas (CNDL) said. The indicator ranges from 0 to 100, with scores lower than 50 indicating pessimism.

Translated by Gabriel Pomerancblum