Summary
- Mato Grosso, Brazil’s largest soybean-producing state, passed a law ending incentives for companies participating in the Soy Moratorium, a key agreement to curb deforestation in the Amazon.
- The new legislation cuts tax benefits to companies restricting agricultural activities into legally deforested areas, causing concern about its impact on environmental preservation.
- Supporters claim the law is necessary due to stricter regulations than national laws, while critics argue it weakens environmental protections and sustainability commitments.
- The move has sparked mixed reactions within Brazil’s government and raised questions about the country’s pledge to achieve zero deforestation by 2030.
