ALINHAMENTO DO CRÉDITO RURAL COM O CÓDIGO FLORESTAL

This white paper by the Climate Policy Initiative (CPI) proposes aligning Brazil's rural credit system with the 2012 Forest Code to incentivize environmental conservation and agricultural productivity. The authors recommend increasing credit limits for producers who comply with environmental laws, arguing that such a policy can be implemented without additional costs to the National Treasury by redirecting existing funds toward the provision of public goods.

• The document recommends expanding credit limits for rural producers who are in compliance with the new Forest Code, specifically those without environmental liabilities or those with approved Environmental Regularization Programs. This could be achieved by reinstating rules from Central Bank Resolutions 4.106/2012 and 4.226/2013.
• Integrating rural credit with the Forest Code provides a rational economic basis for public subsidies by linking them to the provision of public goods, such as the preservation of Legal Reserves and Permanent Preservation Areas. This alignment is presented as particularly important given Brazil's complex fiscal context.
• The proposal is described as viable and easy to implement because it requires no additional funds from the National Treasury, does not conflict with the technical or political design of rural credit, and maintains existing distribution channels through bank managers.
• Data from the 2016/2017 agricultural year indicates that a significant portion of rural credit contracts were near their limits, suggesting a high potential impact for the proposed limit increases. Specifically, 14% of the total credit volume across analyzed lines came from contracts exceeding 95% of their limits, with the 'Recursos Obrigatórios' for funding (custeio) reaching 45% in this category.
• Historical evidence suggests that linking credit to environmental rules is effective in Brazil. For example, Central Bank Resolution 3.545/2008, which conditioned credit in the Amazon on environmental compliance, led to a 15% reduction in deforestation between 2008 and 2011, though it resulted in R$ 2.9 billion in credit not being granted.
• The authors compare the Brazilian situation to the European Union's Common Agricultural Policy (CAP), where over 95% of expenditures are direct payments to farmers conditioned on providing public goods like biodiversity and forest conservation, including 'Green Payments' that make up 30% of the budget.

APA

Assunção, J., & Souza, P. (2019). ALINHAMENTO DO CRÉDITO RURAL COM O CÓDIGO FLORESTAL. Climate Policy Initiative. https://www.climatepolicyinitiative.org/wp-content/uploads/2020/05/White_paper_Credito_Codigo_PORT_FINAL_07JUN2019-1.pdf

Chicago

Assunção, Juliano, and Priscila Souza. ALINHAMENTO DO CRÉDITO RURAL COM O CÓDIGO FLORESTAL. Climate Policy Initiative, 2019. https://www.climatepolicyinitiative.org/wp-content/uploads/2020/05/White_paper_Credito_Codigo_PORT_FINAL_07JUN2019-1.pdf.

Wikipedia

{{cite report |last1=Assunção |first1=Juliano |last2=Souza |first2=Priscila |title=ALINHAMENTO DO CRÉDITO RURAL COM O CÓDIGO FLORESTAL |publisher=Climate Policy Initiative |date=February 2019 |url=https://www.climatepolicyinitiative.org/wp-content/uploads/2020/05/White_paper_Credito_Codigo_PORT_FINAL_07JUN2019-1.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{assuno2019alinhamento, author = {Assunção, Juliano and Souza, Priscila}, title = {{ALINHAMENTO DO CRÉDITO RURAL COM O CÓDIGO FLORESTAL}}, institution = {Climate Policy Initiative}, year = {2019}, month = feb, url = {https://www.climatepolicyinitiative.org/wp-content/uploads/2020/05/White_paper_Credito_Codigo_PORT_FINAL_07JUN2019-1.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }