The Petrobras–BNDES partnership will add up to an investment of $8.3 million over the course of five years, for reforestation projects through public procurement and shared management.
Brazil’s Environment Minister mentioned a study by Boston Consulting Group (BCG), according to which the world needs to invest $150 trillion in the next 30 years if it is willing to meet the targets of the Climate Agreement signed in Paris in 2015 and keep global warming in check.
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