A bank from the Netherlands has emerged as the winning bidder in an auction which marks a new phase in the global carbon market reports the BBC. Fortis Bank has paid more than 13m Euros for the rights to emit 800,000 tons of carbon dioxide, in the first such auction to be held in a regulated exchange, the Brazilian Mercantile and Futures Exchange (BM&F
Standing before the United Nations General Assembly one day after an historic meeting on climate change, the President of Brazil proposed convening in 2012 a summit on the environment, exactly two decades after the landmark international conference met there to produce the UN Framework Convention on Climate Change (UNFCCC).
A group of Brazilian Indians has just kicked off a campaign called Guarani People, Great People. The self-esteem-enhancer promotion was launched in the Tey' kue village, near the municipality of Caarapó, in the state of Mato Grosso do Sul in the Brazilian Midwest.
Brazil's President Luiz Inacio Lula da Silva will promote the country's biofuel initiatives during the United Nation's annual general assembly meeting next week, as part of a broader effort to fight climate change.
The Brazilian government is to spend $270m (£133m) in the next three years creating new reservations for indigenous groups in the Amazon.
In search of more investments Brazilian president Luiz Inacio Lula da Silva arrived this weekend in Spain where beginning next Monday he has a heavy schedule of political and economic meetings.
The Brazilian Senate narrowly voted Wednesday to absolve the embattled higher house president Renan Calheiros, a key ally of President Luiz Inacio Lula da Silva, who faced expulsion over corruption allegations.
The Brazilian economy expanded 0.8% in the second quarter over the first quarter reported Wednesday the Brazilian Geography and Statistics Institute. This represents a 5.4% increase over the same period a year ago.
Brazil' government managed oil corporation Petrobras announced international investments totaling 15 billion US dollars in the 2008/2012 period, most of which in exploration and production in the Gulf of Mexico, Argentina and Western Africa.
Brazil's biggest airline, TAM Linhas Aereas said on Tuesday it postponed plans to increase its fleet of Airbus jets from 2008 to 2011 because of a drop in demand for domestic air travel.