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This report by the Climate Policy Initiative (CPI/PUC-Rio) analyzes the financing of sustainable agriculture in the Brazilian Cerrado, with a specific focus on the Matopiba region. It evaluates the effectiveness of subsidized rural credit and innovative blended finance mechanisms in aligning agricultural production with zero-deforestation and sustainability goals.

This report by Climate Policy Initiative/Pontifical Catholic University of Rio de Janeiro (CPI/PUC-RIO) analyzes the financial architecture supporting agriculture in Brazil's Cerrado biome, with a specific focus on the MATOPIBA region. It evaluates the effectiveness of subsidized rural credit and emerging blended-finance instruments in aligning agricultural production with zero-deforestation and sustainability goals.

This executive summary by the Climate Policy Initiative (CPI/PUC-Rio) analyzes agricultural financing in the Cerrado biome and the Matopiba region. It finds that while financial flows are significant, the current architecture fails to align with sustainability and zero-deforestation goals due to high concentration among large producers and institutions, limited scale of sustainable credit, and insufficient territorial coverage.

A briefing by Zero Carbon Analytics detailing how soy-driven deforestation in Brazil's Cerrado biome reduces regional rainfall and agricultural productivity, creating a paradox where individual farmer profits are outweighed by regional economic losses and global supply chain risks.

This report by the Climate Policy Initiative (CPI) and PUC-Rio analyzes the 'self-declaratory' Environmental Regularization Program (PRA autodeclaratório) as a mechanism to accelerate forest restoration in Brazil. It examines how allowing rural producers to commit to restoring Permanent Preservation Areas (APPs) and Legal Reserves without prior validation of the Rural Environmental Registry (CAR) can overcome administrative bottlenecks, while highlighting the necessity of robust monitoring and accountability systems to ensure environmental effectiveness.

This 2025 report by the Climate Policy Initiative (CPI/PUC-Rio) provides a comprehensive analysis of the implementation of the Brazilian Forest Code (Law No. 12.651/2012), specifically focusing on the Rural Environmental Registry (CAR) and the Environmental Regularization Program (PRA) across Brazilian states. It details the transition of the National CAR System (Sicar) to a digital public infrastructure managed by Dataprev and the Ministry of Management and Innovation in Public Services (MGI), the adoption of automated analysis tools to accelerate CAR validation, and the persistent challenges in converting validated registries into effective forest restoration through the PRA.

This research paper by the Climate Policy Initiative and PUC-RIO analyzes the link between subsidized rural credit and deforestation in Brazil from 2020 to 2024. The study finds that a significant portion of public funds is channeled to properties with histories of deforestation, highlighting a misalignment between financial incentives and Brazil's environmental goals.

This 2024 report by the Climate Policy Initiative and PUC-RIO monitors the implementation of Brazil's Forest Code (Law No. 12,651/2012), specifically focusing on the Rural Environmental Registry (CAR) and the Environmental Compliance Program (PRA). It details the progress of various Brazilian states in registering rural properties, analyzing those registrations, and formalizing environmental recovery through Terms of Commitment (ToC).

This report by the Climate Policy Initiative/Pontifical Catholic University of Rio de Janeiro (CPI/PUC-RIO) analyzes financial flows for the bioeconomy in Brazil between 2021 and 2023. It finds that while total finance averaged US$ 3.213 billion per year, the vast majority is concentrated in the planted forest and bioenergy sectors, leaving biodiversity-based products and native forests significantly underfunded.

This report by the Climate Policy Initiative (CPI/PUC-Rio) analyzes financial flows for the bioeconomy in Brazil between 2021 and 2023. It identifies a significant concentration of funding in planted forests and bioenergy, while highlighting a substantial funding gap for biodiversity-based products and native forests, particularly in the North region.

This report by the Climate Policy Initiative (CPI/PUC-RIO) analyzes financial flows disbursed to the bioeconomy in Brazil between 2021 and 2023. It identifies a heavy concentration of funding in the planted forest and bioenergy sectors, driven largely by private domestic sources and innovative financial instruments, while highlighting a significant funding gap for biodiversity products and the native forest sector.

This document is an annex listing the federal and state legislation consulted for a 2024 report titled "ONDE ESTAMOS NA IMPLEMENTAÇÃO DO CÓDIGO FLORESTAL?" (Where are we in the implementation of the Forest Code?). It provides a comprehensive bibliography of laws, decrees, normative instructions, and resolutions related to the Rural Environmental Registry (CAR) and the Environmental Regularization Program (PRA) across various Brazilian states.

The 2023 report on the Brazilian Forest Code implementation highlights a significant but uneven leap in CAR analysis and PRA regulation across states. While automated tools have accelerated progress in states like Mato Grosso do Sul and Pará, a critical bottleneck remains: only 2.7% of national registrations have completed analysis, largely due to the high volume of required data rectifications and communication failures with property owners. Political shifts in CAR management between federal ministries have added uncertainty, though subnational leadership continues to drive implementation.

This report by the Climate Policy Initiative (CPI/PUC-Rio) analyzes forest replenishment (reposição florestal) legislation in the Brazilian Amazon and Cerrado biomes. It argues that current implementation is outdated, focusing on biomass supply for markets rather than ecological compensation for biodiversity loss, and highlights significant failures in the management of replenishment funds and recent legislative setbacks in Goiás.

This policy brief examines the challenges of rural insurance in Brazil amidst climate change, using soybean production as a case study. It finds that while the insurance market has grown, it remains geographically concentrated in the South and Center-West, leaving high-production, high-risk areas like MATOPIBA underserved. Using machine learning, the authors identify precipitation, wind, and fire risk as primary drivers of losses. The report recommends expanding insurance coverage to vulnerable regions, utilizing yield data for pricing in areas with limited insurance history, and aligning government subsidies with sustainable agricultural practices.

This report by the Climate Policy Initiative/Pontifical Catholic University of Rio de Janeiro (CPI/PUC-Rio) evaluates the 10-year implementation status of Brazil's Forest Code (Law no. 12,651 of 2012). It identifies the analysis of Rural Environmental Registry (CAR) data as the primary bottleneck and provides a seven-point priority agenda for the Lula administration to accelerate environmental regularization and the implementation of Environmental Compliance Programs (PRA).

This report by the Climate Bonds Initiative provides an overview of the sustainable asset-backed securities (ABS) market in Brazil as of Q3 2022. It examines the regulatory framework, the role of various securitisation instruments like CRAs and CRIs, and the potential for these tools to scale investment in small-scale sustainable projects, particularly in agriculture and renewable energy.

This 2023 report by the Climate Policy Initiative (CPI/PUC-Rio) provides a comprehensive analysis of the implementation of the Brazilian Forest Code (Law No. 12.651/2012) across Brazilian states. It focuses on the Rural Environmental Registry (CAR) and the Environmental Regularization Program (PRA), detailing the progress in registration, data analysis, and the formalization of environmental recovery commitments. The document highlights a significant acceleration in 2023, with several states adopting automated analysis tools and expanding the number of signed commitment terms, while identifying persistent bottlenecks in communication with landowners and the lack of technical staff in certain regions.

This 2023 report by the Climate Policy Initiative (CPI/PUC-Rio) provides a comprehensive diagnostic of the implementation of the Brazilian Forest Code (Law No. 12.651/2012) across Brazilian states as of 2022. It focuses specifically on the Rural Environmental Registry (CAR) and the Environmental Regularization Program (PRA), analyzing the progress of registration, data analysis, and the actual restoration of Permanent Preservation Areas (APP) and Legal Reserves.

This policy brief analyzes the 10-year implementation of the Brazilian Forest Code, highlighting a severe lack of uniformity across states. While some states have fully implemented the CAR and PRA systems, others remain stagnant. The analysis of CAR data is identified as the primary bottleneck, with only 2% of national registries fully concluded. The document proposes a seven-point agenda for the federal government, including the creation of a national implementation plan, strengthening the SICAR system, and improving the integration of the Forest Code with anti-deforestation policies and rural credit incentives.