By Camila Souza Ramos
The Financial Innovation Initiative for Amazon, Cerrado, and Chaco (IFACC) intends to give more priority to Cerrado within the current scope of green financing incentives.
The biome is the most devastated of the program's three targets and has the least protection since the area destined to legal reserve in the Cerrado is 20%, while it reaches 80% in the Amazon.
Besides, Amazon is already covered by sectorial commitments, such as the Soybean Moratorium for grain trading companies and the Conduct Adjustment Terms (TAC) for beef packing plants.
In 2022, deforestation in the Cerrado reached 815 . . .
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