Growing Livelihoods in Brazil
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Washington, DC: World Bank
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Brazil has committed to a 43 percent reduction in greenhouse gas (GHG) emissions between 2005 and 2030 - mainly through increasing the share of sustainable biofuels and clean energy in the energy mix, and through forest restoration and reafforestation. Sustainable investments in the forestry sector help support the country’s path to GHG emission reduction and economic growth. However, it is critical that these investments are well planned, and operations carefully managed to mitigate potential social and environmental risks. A loan from IFC to Suzano S.A. supports climate change mitigation through investments in sustainably managed plantations that will sequester carbon, and by increasing the use of renewable energy sources. Specifically, the proceeds of the loan have been used for the construction of a greenfield pulp mill and development of eucalyptus plantations in Ribas do Rio Pardo, in the state of Mato Grosso do Sul, concluded in 2024.
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CLEAN ENERGY, CLIMATE ACTION, FOREST RESTORATION, GREENHOUSE GAS EMISSIONS