BNDES will offer credit linked to better carbon footprint

The Brazilian Development Bank (BNDES) hopes to launch before the end of the year a new line of credit with rates linked to the improvement of the “carbon footprint” of ethanol-producing plants, said Mauro Mattoso, head of the bank’s Agri-Food and Biofuels Complex Department, at a virtual event by Datagro consultancy. The bank will finance producers in order to improve the energy-environmental efficiency rating of the plants accredited in the RenovaBio program, which came into force this year.

Source: Valor International