Brazil: Lula 3.0 – Good news for climate and biodiversity?
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