Tag #Soy Moratorium

How will the new laws in Brazilian Amazon states impacting the soy moratorium affect deforestation rates and the preservation of the Amazon rainforest?

New laws in Mato Grosso and Rondonia, Brazil, reduce tax incentives for companies adhering to the Amazon soy moratorium, a voluntary agreement banning soy from recently deforested land. This undermines the 18-year-old moratorium, impacting environmental protection and potentially increasing deforestation. The laws, which may spread to other states, incentivize deforestation by penalizing environmentally conscious businesses.