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Brazil: Loans tied to environmental compliance reduced Amazon deforestation by 15%

2013-01-30 08:23:00| Climate Ark Climate Change & Global Warming Newsfeed

Mongabay: A rural credit law that ties loans to environmental compliance made a significant contribution to reducing deforestation in the Brazilian Amazon between 2008 and 2011, argues a study published by the Climate Policy Initiative (CPI). Does Credit Affect Deforestation? Evidence from a Rural Credit Policy in the Brazilian Amazon looks at the impact of Brazil's Resolution 3545, a 2008 law that restricts access to subsidized credit for rural farmers and ranches who fail to provide proof of compliance...

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