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

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

To contact the editor responsible for this story: James Attwood at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.