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🚜 Worldwide agricultural production is increasing through modernization, intensification of production, and transition to low-carbon agriculture. In Brazil, however, production growth remains associated with land expansion. 📄The new study by Climate Policy Initiative/PUC-Rio shows that 31% of properties with deforestation received subsidized rural credit between 2020 and 2022. The volume of this credit associated with deforestation amounted to R$ 14 billion per year during this period. Moreover, the majority of deforestation (74%) is concentrated in the top 5% of properties receiving subsidized credit. Public resources are essential for developing a modern and sustainable agriculture in Brazil. 🌱  📌 With the launch of the new Brazilian Agricultural Plan (Plano Safra), CPI/PUC-Rio emphasizes the importance of evaluating the direction of rural credit subsidies and investing in promoting sustainability in the agricultural sector. 🔗 Visit bit.ly/CreditDeforestation for more information #ruralcredit #climatefinance #sustainableagriculture

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