The three pillars, according to the minister, would be “taxing pollution, stimulating innovation, but most importantly for Brazil, India and Indonesia, rewarding the preservation of natural resources”.
The basis of this agreement comes from the Green CPR (Rural Producer Card) mechanism, created by Brazil to encourage compliance with environmental preservation laws, and that now, “all preservation of natural and environmental resources will be remunerated”.
Brazilian environmental legislation was already quite strong, but it did not yet have the economic incentives. Now you pay for those who are conserving natural resources, increasing the profitability of their own unit. So we exchanged experiences on that”, the minister reported on the conversations with Indonesia and India.
