全球风险与适应投资策略_花旗研究 2025 年圣保罗可持续发展峰会-Global Risk & Adaptation Investment Strategies_ Citi Research Sustainability Summit São Paulo 2025

Investment Rating - The report indicates a strong investment opportunity in Brazil's environmental sectors, particularly in climate and biodiversity solutions, positioning Brazil as a leader in these areas [4][15][64]. Core Insights - Brazil is seen as a decisive vector for climate solutions, with significant potential for catalytic investments to bridge the climate finance gap in Latin America [27][30]. - The Brazilian Amazon rainforest is critical for climate stability, providing essential ecosystem services and opportunities for innovative financial conservation strategies [17][69]. - The integration of climate, communities, and biodiversity is essential for strengthening the resilience of the Amazon rainforest, with investments in nature viewed as a long-term strategic asset [64][66]. Summary by Sections Introduction - Citi Research hosted an event in São Paulo to discuss challenges and opportunities related to climate and biodiversity with various stakeholders [13][14]. What Really Reduces Deforestation? - Effective deforestation control requires a market-based approach, emphasizing the need for well-defined property rights in the Amazon region [21][23]. - A carbon price of US$25 per ton could incentivize communities to preserve forests and regenerate degraded lands [25]. LatAm: A Decisive Vector for Climate Solutions - The report highlights the investment opportunities in Latin America to mobilize capital at scale for climate solutions [27][28]. - Domestic investors in Brazil are focused on creating innovative products that yield positive socio-environmental outcomes while achieving financial returns [29]. Biogas, Biomethane and Organo-mineral Fertilizer - Tupy's bio plant project exemplifies a successful partnership in renewable fuel production, transforming pig waste into biogas and organo-mineral fertilizer [33][36]. Tackling Beef Traceability - Minerva Foods has achieved 100% geospatial monitoring of direct-supplier farms in Brazil, addressing traceability challenges in the beef supply chain [39][40]. Agriculture 3.0 and BE8 Energy Panels - Brazil's agricultural sector has evolved significantly, with a focus on sustainability and efficiency, conserving approximately 324 million hectares from agricultural conversion [44][46]. Investing in Nature: Climate Impact through Carbon Ratings - The Brazilian Greenhouse Gas Emissions Trading System (SBCE) presents a major opportunity for Brazil to enhance its climate targets and stimulate domestic demand for carbon credits [60][62]. Beyond Carbon with High Integrity Forest Conservation - High integrity forest conservation initiatives can deliver benefits beyond carbon offsetting, integrating climate, communities, and biodiversity [64][66]. Looking to COP30 Belém - The upcoming COP30 in Belém is anticipated to focus on the Amazon rainforest's role in climate stability and the need for market instruments to achieve environmental and economic outcomes [69][71].