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illuminem summarises for you the essential news of the day. Read the full piece on Financial Post or enjoy below:
🗞️ Driving the news: Brazil’s Senate has approved a controversial overhaul of its environmental licensing system, aimed at streamlining permits for infrastructure and development projects
• While lawmakers describe it as a long-overdue bureaucratic fix, environmental groups warn it dismantles protections for vulnerable ecosystems and communities ahead of Brazil hosting the 2025 UN Climate Summit
🔭 The context: Brazil has struggled for decades with a slow, fragmented environmental permitting process that has delayed over 5,000 projects, from highways to transmission lines
• The new legislation introduces exemptions and self-regulation for certain “low-risk” projects, and has backing from industry groups
• However, critics highlight the risks of weakening oversight — especially under the leadership of Senator Tereza Cristina, a former agriculture minister aligned with Brazil’s agribusiness sector
🌍 Why it matters for the planet: Brazil holds nearly 60% of the world’s remaining rainforests and plays a central role in global climate stability
• Loosening environmental controls amid rising deforestation and wildfire risks—exacerbated by 2024’s severe drought — could accelerate ecological collapse and undermine trust in Brazil’s climate leadership
• The timing is critical as Brazil prepares to host COP30, where it is expected to set an example on forest protection
⏭️ What's next: The measure now returns to Brazil’s lower house for final approval before heading to President Lula da Silva’s desk
• Environmental Minister Marina Silva has strongly opposed the changes, raising the possibility of executive revisions or legal challenges
• International observers will closely monitor whether Brazil can balance fast-tracked development with its climate and biodiversity commitments ahead of COP30 in Belém
💬 One quote: “We identified several points that… represent a significant step backward, even a dismantling of the environmental licensing process,” — Marina Silva, Brazil’s Environment Minister
📈 One stat: In 2024, Brazil accounted for 42% of all primary rainforest loss across the tropics, driven by wildfires, soybean cultivation, and cattle ranching
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