Home » Exclusive: Brazil Needs $10 Billion/year in Aid for Carbon Neutrality by 2050, Minister Says | Investing News

Exclusive: Brazil Needs $10 Billion/year in Aid for Carbon Neutrality by 2050, Minister Says | Investing News

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BRASILIA (Reuters) – Brazil’s environment minister, Ricardo Salles, told Reuters on Friday that Brazil would need to receive $10 billion annually in foreign aid in order to reach economy-wide net zero carbon emissions by 2050, instead of 2060 as currently planned.

Salles said he does not expect a foreign aid deal to be announced at next week’s U.S. Earth Day summit despite high-level talks between Brazil and the United States in recent weeks.

(Reporting by Lisandra Paraguassu; Writing by Jake Spring; Editing by Leslie Adler)

Copyright 2021 Thomson Reuters.

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