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The Ministry of Agriculture and Livestock (Mapa), the National Coffee Council (CNC) and the multinational Pró Natura Internacional signed, this week, the Technical Cooperation Agreement (ACT) for the project “Sustainable Brazilian Coffee Culture – Credit Compensation System for Carbon in the Rural Insurance Policy in Brazil”.
The project uses carbon credits to financially benefit producers who adopt sustainable practices. In practice, this means that Brazilian coffee growers will have additional financial protection against agricultural risks.
“This is unprecedented work, and it has several focuses. He works on the issue of sustainability, risks and climate change, aligned with rural insurance”, highlights Mapa’s Secretary of Agricultural Policy, Guilherme Campos.
In the signed document, the agreement aims to implement and develop the viability of assets obtained through carbon credit, providing cost reduction for the producer in the pre-funding of the harvest. Furthermore, producers' performance in relation to their carbon footprint will be continually evaluated.
According to the director of the Risk Management Department, Jônatas Pulquério, the objective of the agreement is to reduce the cost of the rural insurance policy through financial compensation for the sale of carbon credits. Therefore, the work is carried out through an insurance policy favorable to rural producers, in line with good agronomic practices and combating climate change.
With the signing of the document, studies now begin to define the percentages to be deducted from the insurance policy and the model for this benefit, as well as the choice of the cooperative that will take part in the work.
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