Former Minister Paulo Guedes to launch green Brazil fund
Former Brazilian Economy Minister Paulo Guedes is preparing to launch a “green” investment fund along with prominent bankers and other members of former President Jair Bolsonaro’s government, two people familiar with the matter told Reuters.
The fund is expected to launch in July, the sources said, aiming to attract domestic and international investments in Brazil’s energy transition, natural resource preservation and industries tied to renewable energy sources.
The new government of President Luiz Inacio Lula da Silva has prioritized green economic development and stewardship of the Amazon rainforest after Bolsonaro faced global criticism for overseeing a surge in deforestation and illegal mining.
By Marcela Ayres via Reuters