IBOV 179,722.48 ▲ 1.30% IPSA 11,315.26 ▼ 1.14% IPC MEX 65,314.78 ▼ 0.18% MERVAL 3,049,455 ▲ 0.51% COLCAP 2,470.26 ▲ 1.86% BVL PERÚ 59,450.29 ▲ 0.11% USD/BRL5.15▼ 0.60% USD/MXN16.99▼ 0.03% USD/CLP936.45▲ 0.24% USD/COP3,155▼ 1.44% USD/PEN3.36▼ 0.16% USD/ARS1,513▲ 0.25% USD/UYU40.24▲ 0.68% USD/PYG5,873▲ 0.47% USD/BOB12.08▲ 3.98% USD/DOP58.56▲ 0.38% USD/CRC446.47▲ 1.09% USD/GTQ7.62▲ 1.63% USD/HNL26.84▲ 1.11% USD/NIO36.62▲ 0.14% USD/VES796.33▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.69▼ 0.06% EUR/BRL5.97▼ 0.61% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 179,722.48 ▲ 1.30% IPSA 11,315.26 ▼ 1.14% IPC MEX 65,314.78 ▼ 0.18% MERVAL 3,049,455 ▲ 0.51% COLCAP 2,470.26 ▲ 1.86% BVL PERÚ 59,450.29 ▲ 0.11% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Brazil Forestry Code Part-Vetoed

By · May 29, 2012 · 3 min read

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By Ben Tavener, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Brazilian President Dilma Rousseff has vetoed part of the controversial Código Florestral (Forestry Code) legislation which regulates the amount of land farmers in Brazil’s Amazon region must maintain as forest. The President vetoed twelve articles and made 32 other modifications to the bill which included 84 provisions.

Brazil Environment Minister Izabella Teixeira, photo by José Cruz/ABr.
Brazil Environment Minister Izabella Teixeira stressed that the amended bill does not grant amnesty to those responsible for deforestation, photo by José Cruz/ABr.
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There is temporary legislation in place until the vetoed articles and amendments are voted on by the Senate. Environmental Minister Izabella Teixeira, who has been heavily involved in the process, stressed after the vetoes were made public that “legal uncertainty and the unconstitutional nature” of the text gave rise to the vetoes.

Ms. Teixeira added that the text’s main goal was “not to grant amnesty to those who deforest” but to “maintain small-scale [farmers]” who are working legitimately and “make everyone responsible for the restoration of the environment.”

The articles rejected by the President include the amnesty for illegal logging and a section that environmentalists said threatened forest riverbanks.

The bill originated in the Chamber of Deputies and was approved by Congress, which must now review and vote on the vetoes and amendments made by the President before they become law. Those lobbying for the farmers have said the result was not as bad as expected, but that restrictions in the approved bill will stop the chance for food production in the region to be increased.

Deputy Homero Pereiro, who is also President of the Parliamentary Group for Agriculture, praised Rousseff for acting “impartially” and that the bill “was more palatable than predicted,” but he added that the true impact would only be known after further analysis.

However, environmental activists are far from satisfied by the amendments, and argue the bill paves the way for further destruction of the Amazon. They had been campaigning for the president to veto the bill in its entirety, and environmental protests have been a common sight outside the Planalto in Brasília in recent months.

Map of Amazon Deforestation, photo by José Cruz/ABr.
Some reports suggest deforestation in the Amazon is slowing, but many environment campaigners are not convinced and have not been appeased by the resultant 2012 Forestry Code, photo by José Cruz/ABr.

“Brazilians and the whole world have watched a country continuing to play with the future of its forests,” WWF Brasil Secretary-General Maria Cecília Wey de Brito said in a statement.

“The bill passed in the Congress is the result of a tortuous legislative process designed to meet the needs of only the section of society that wants to increase the potential for deforestation and grant amnesties to those who deforest illegally,” she added.

Environmental campaigners Avaaz had presented the government with a petition with nearly two million signatures collected online from people all over the world demanding a total veto.

With high-profile backing from Brazilian celebrities and fervent support from social networks, the main concern for those in support of better preservation laws for the Amazon is that the new legislation does not afford the same protection for Brazil’s globally-important rainforest region as the previous law.

Many believe the President has taken a “safe option” – attempting to placate all sides, at least to some extent, and postponing the tough decision until a later date – and just in time.

The world’s media is set to descend on Brazil with Rio+20, the UN’s biggest-ever conference on sustainable development, starting in mid-June; with this in mind, the government was only too aware of the need for the amended bill to quell as much protest from all sides as possible.

Although deforestation in the Amazon increased 127 percent last year to 11,400km², an area the size of Qatar, it is said to be slowing overall, with better reinforcement of existing laws. The Amazon rainforest covers 5.5 million km², most of which is in Brazil, and of that some 1.73 million km² is under some form of legal protection.

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