Bank floats $10 bln Brazilian bond plan to halt Amazon deforestation

  • 📰 ReutersScience
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

United States Headlines News

United States Latest News,United States Headlines

Strategists at a UK bank have proposed the idea of a super-sized $10 billion Brazilian government bond that would be specifically designed to help halt the destruction of the Amazon rainforest.

Stopping deforestation of the Amazon, which absorbs vast amounts of planet-warming greenhouse gas, is part of Brazilian President-elect Luiz Inacio Lula da Silva'sHe has recently asked the United States, Britain, France, Switzerland and Canada to join an international Amazon protection fund set up during his first 2003-10 administration and has made a firm commitment to zero deforestation by 2030.

A $10 billion bond would be a record for the nascent sustainability-linked debt markets, one of the biggest emerging market sovereign bonds ever sold and four times bigger than any of Brazil's current bonds. For example, if the baseline was to reduce deforestation to 12,250 km2 but the actual loss was 13,250 km2, the government would be have to increase the bond's 2024 coupon payment by 100 bps.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Mesma dica que dei na Cop27. Por favor, não dêem dinheiro 💸 aos políticos dos países! Se for para projetos de conservação e sociais, melhor fazer licitação aberta mundial e pagar às empresas para fazerem as obras de modo o mais transparente possível.👍

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 559. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

J.D. Martinez agrees to one-year, $10 million deal with DodgersJ.D. Martinez is heading to the Dodgers. Dismantling of the Red Sox
Source: nypost - 🏆 91. / 67 Read more »

J.D. Martinez agrees to one-year, $10-million deal with DodgersThe Dodgers added more veteran depth to their lineup Saturday, agreeing to a one-year, $10-million contract with designated hitter J.D. Martinez, according to multiple people with knowledge of the situation who are unauthorized to speak publicly
Source: latimes - 🏆 11. / 82 Read more »

J.D. Martinez agrees to one-year, $10 million deal with DodgersMartinez, who spent the last five seasons with the Boston Red Sox, is a five-time All-Star and lifetime .288 hitter with 282 homers and 899 RBIs. He was a member of the team that defeated the Dodgers in the 2018 World Series.
Source: CBSLA - 🏆 552. / 51 Read more »

This $10 Keratin & Collagen Hair Mask Reportedly ‘Works Miracles’ on Making Your Thin Hair Shinier & HealthierIf you've been looking for an easy-to-use collagen mask that'll revitalize your thin hair, then look no further!
Source: SheKnows - 🏆 558. / 51 Read more »

Tesla is reportedly planning a $10 billion Gigafactory in MexicoTesla may make a new cheaper car in Nuevo León, Mexico. Thought the idea was the spread them around the globe. Bit close to Austin isn't it? Or is this just to get cheaper labour and then send them into the US? CerveraFerriol With low pay (without a doubt) because MX is a shit hole of corruption with a government that doesn't care enough about its people who deserve higher pay and better law enforcement and emergency services, and efforts to stop all crime, including kidnapping and cartel activity. 🤦‍♂️
Source: verge - 🏆 94. / 67 Read more »