Brazil Central Bank Director Says Environment Key for Investment
- Investors demand transparency on climate issues, Nechio says
- Central bank making efforts to support green investment
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Brazil must come up with a clear strategy to prevent environmental crimes in the Amazon or risk losing international investments, according to a central bank director.
The warning by Fernanda Nechio, the central bank’s director for international affairs, comes on the heels of a call for action on the environment made by international fund managers who oversee about $3.7 trillion in assets. In a letter sent to the government last month, they said Brazil’s failure to protect its forests could force them to reconsider investments in the country.