Investment Institute
Macroeconomics

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
Download the full article
Download article (395.76 KB)

Related Articles

Macroeconomics

Pesky Data

  • by Gilles Moëc
  • 19 February 2024 (10 min read)
Macroeconomics

Deferred Confidence

  • by Gilles Moëc
  • 05 February 2024 (10 min read)
Macroeconomics

Risk Asymmetry

  • by Gilles Moëc
  • 08 January 2024 (10 min read)

    Disclaimer

    This website is published by AXA Investment Managers Asia (Singapore) Ltd. (Registration No. 199001714W) for general circulation and informational purposes only. It does not constitute investment research or financial analysis relating to transactions in financial instruments, nor does it constitute on the part of AXA Investment Managers or its affiliated companies an offer to buy or sell any investments, products or services, and should not be considered as solicitation or investment, legal or tax advice, a recommendation for an investment strategy or a personalized recommendation to buy or sell securities. It has been prepared without taking into account the specific personal circumstances, investment objectives, financial situation or particular needs of any particular person and may be subject to change without notice. Please consult your financial or other professional advisers before making any investment decision.

    Due to its simplification, this publication is partial and opinions, estimates and forecasts herein are subjective and subject to change without notice. There is no guarantee forecasts made will come to pass. Data, figures, declarations, analysis, predictions and other information in this publication is provided based on our state of knowledge at the time of creation of this publication. Whilst every care is taken, no representation or warranty (including liability towards third parties), express or implied, is made as to the accuracy, reliability or completeness of the information contained herein. Reliance upon information in this material is at the sole discretion of the recipient. This material does not contain sufficient information to support an investment decision.

    All investment involves risk, including the loss of capital. The value of investments and the income from them can fluctuate and investors may not get back the amount originally invested. Past performance is not necessarily indicative of future performance.

    Some of the Services and/or products may not be available for offer to retail investors.

    This publication has not been reviewed by the Monetary Authority of Singapore.