WARNING: members of the public are being contacted by people claiming to work for AXA Investment Managers UK Limited.  Find out more information and what to do by clicking here.

Investment Institute
Macroeconomics

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
Download the full article
Download article (395.76 KB)
ACT range

Biodiversity

Invest in preserving life on land, water and air.

Find out more

Related Articles

Macroeconomics

Fiscal Standoff

Macroeconomics

Electrify Europe

Macroeconomics

Paying Tax Cuts with Carbon

    Disclaimer

    This document is for informational purposes only and does not constitute investment research or financial analysis relating to transactions in financial instruments as per MIF Directive (2014/65/EU), nor does it constitute on the part of AXA Investment Managers or its affiliated companies an offer to buy or sell any investments, products or services, and should not be considered as solicitation or investment, legal or tax advice, a recommendation for an investment strategy or a personalized recommendation to buy or sell securities.

    It has been established on the basis of data, projections, forecasts, anticipations and hypothesis which are subjective. Its analysis and conclusions are the expression of an opinion, based on available data at a specific date.

    All information in this document is established on data made public by official providers of economic and market statistics. AXA Investment Managers disclaims any and all liability relating to a decision based on or for reliance on this document. All exhibits included in this document, unless stated otherwise, are as of the publication date of this document.

    Furthermore, due to the subjective nature of these opinions and analysis, these data, projections, forecasts, anticipations, hypothesis, etc. are not necessary used or followed by AXA IM’s portfolio management teams or its affiliates, who may act based on their own opinions. Any reproduction of this information, in whole or in part is, unless otherwise authorised by AXA IM, prohibited.

    Issued in the UK by AXA Investment Managers UK Limited, which is authorised and regulated by the Financial Conduct Authority in the UK. Registered in England and Wales No: 01431068. Registered Office: 22 Bishopsgate London EC2N 4BQ

    In other jurisdictions, this document is issued by AXA Investment Managers SA’s affiliates in those countries.

    Risk Warning

    The value of investments, and the income from them, can fall as well as rise and investors may not get back the amount originally invested.