"Belém is a city I called home for about two years. This Brazilian metropolis, with over one million inhabitants and located in the Amazon region, will host international leaders this November for the UN Climate Summit. As decision-makers gather for the first time in the world's largest tropical rainforest, we share the responsibility of advancing solutions that protect the environment while promoting social and economic inclusion."
"The coalition would begin by setting a unified carbon price for four key industrial sectors - steel, aluminum, cement, and fertilizers - which together account for around 20% of global greenhouse gas emissions. As President of Banco do Brasil, I am working to transform the country's leading financial institution into a key player in carbon financing, offering integrated solutions that range from identifying and connecting sustainable projects to facilitating carbon credit transactions."
"Banco do Brasil is currently involved in around 31 of the more than 150 carbon projects underway in the country, with a focus on areas such as low-carbon agriculture. Under my leadership, the bank is accelerating its digital transformation. Our proprietary technology combines geospatial analysis, artificial intelligence, and data science to identify rural properties with high potential both for environmental preservation and for deforestation risk. As a result, the response time for identifying eligible projects has been significantly reduced."
Belém will host international leaders at COP30 in the Amazon region, creating responsibility to advance solutions that protect the environment while promoting social and economic inclusion. Brazil plans to propose a voluntary coalition to align global carbon markets by connecting existing carbon pricing systems and setting a unified carbon price for steel, aluminum, cement, and fertilizers, which account for about 20% of global emissions. Banco do Brasil is repositioning as a carbon financing leader, leveraging 85 million clients and agribusiness expertise to conduct due diligence, support around 31 carbon projects, and use geospatial analysis, artificial intelligence, and data science to identify high-potential rural properties, reducing response time.
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