Brazil is set to launch a green transition plan worth hundreds of billions of dollars in public and private investments that officials hope will become the signature policy of leftwing president Luiz Inácio Lula da Silva’s third term.
The package, which will be unveiled in August or September, will encompass about 100 initiatives including carbon trading, the bioeconomy and infrastructure adaptation across six policy areas, officials co-ordinating the plan told the Financial Times.
“The idea is to have the most ambitious plan to decarbonise an economy in the world, at least among developing countries,” said a senior official involved in the planning.
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