Bloomberg News

Brazil to Cut Taxes to Fight Greenhouse Gas, O Globo Reports

August 18, 2012

Brazil’s government will offer cheap financing and cut taxes for aluminum and pulp makers that reduce greenhouse-gas emissions, newspaper O Globo reported, citing Alexandre Comin, a director at the Development, Industry and Commerce Ministry.

The program will benefit seven industries, including chemical, cement and glass makers, Comin told the Rio de Janeiro-based newspaper.

Companies will be eligible to receive funding from government institutions including the national development bank, known as BNDES, Comin said. The program will be ready Aug. 21, Globo reported.

To contact the reporter on this story: Rodrigo Orihuela in Rio de Janeiro at rorihuela@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net


Race, Class, and the Future of Ferguson
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus