Sao Paulo factory ‘hits emissions and eco-standards’
A factory in the state of Sao Paulo has sold over £30,000 tonnes in CO2 in the credit carbon market to the US and France.
In news which may interest people looking for Brazilian property, the Ceramica Luara brick factory in Panorama has become a environmentally sustainable business that complies with international CO2 emission standards.
Anba.com reports that the process of selling carbon credits involves companies who have reduced their emissions selling their credits to businesses in developed countries.
Using the money gained from the first two deals, Juarez Cotrim, the owner of the factory, told the website that he invested it in the company to further reduce the emissions from the site.
"I have replaced the manufacturing machinery and changed the electric wiring, so as to reduce power consumption even further," he added.
In other news, Forbes.com reports that Phaunos Timber Fund has bought 2,100 hectares of farmland in Fazendo Paraise for $150 million (£85 million).
