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Article in Estadão Highlights Brazil’s Opportunity at the G20 to Exercise Greater Influence on Economic, Financial, and Low-Carbon Agendas, Global Supply Chain Resilience, Business Diversity, and Coordinated Global Actions.
The concept of sustainable development has gained increasing relevance on the global stage, as the importance of promoting a balance between economic growth and the preservation of natural resources is recognized. The search for clean and renewable energy sources, such as solar and wind, has been one of the strategies adopted to promote sustainability at a global level. Furthermore, promoting the use of technologies that reduce environmental impacts and implementing conscious consumption practices are essential to ensure sustainable development in the long term.
Sustainable development is intrinsically linked to the notion of sustainability and the concept of , which aim to ensure that the needs of present generations do not compromise the ability of future generations to meet their own needs. Thus, it is essential that the policies and practices adopted aim not only for economic growth but also for environmental preservation and responsible use of natural resources. Awareness of the importance of sustainable development is crucial to ensure a balanced and prosperous future for the next generations.
Brazil as a Protagonist of Sustainable Development at the G20 and B20
Hosting the G20 and B20 allows Brazil to showcase not only its economic potential but also its primary role in important issues for the contemporary world.
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Novonor begins exit from Braskem with the sale of control to Shine I, and the operation impacts the financial market.
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Suape Port is receiving R$ 15.8 billion to become the largest green hydrogen hub in Latin America — and a partnership with China promises an additional R$ 8 billion.
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Petrobras robots dove nearly 3,000 meters deep and 201 km off the coast of Rio de Janeiro confirmed what geologists suspected — there is more oil hidden in the pre-salt of Campos.
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Monterrey is erecting a 484-meter tower that will dethrone all the skyscrapers in Latin America — it has already surpassed the 52nd floor and there are 170 meters left to the top…
The two forums can drive major reforms that Brazil is determined to implement, from the necessary process of neo-industrialization and minimizing the adverse effects of climate change to reducing the cost of capital and attracting productive investments. We are convinced that B20 Brazil will be important in consolidating and achieving the public-private agenda, accelerating a new cycle of growth for the country.
The G20 as a Key Piece for Sustainable Development
As a preeminent cooperation body, the G20 represents 87% of the global economy. The group is also of utmost relevance to Brazil, as it accounts for about 90% of direct investments received by the country and 92% of our investments abroad. The bloc plays a fundamental role in the economic and financial agendas and in coordinating political issues, as well as adopting initiatives to reduce social inequalities and promote better practices in the transition to a low-carbon economy.
The Role of the B20 in Promoting Sustainable Growth
B20 Brazil is a platform that brings together over a thousand representatives from the private sector of G20 countries to build consensus on strategic areas and identify priorities for governments. The group will encourage partnerships between businesses and governmental organizations, in addition to measures that promote economic expansion and the development of businesses aligned with the motto ‘inclusive growth for a sustainable future.’ Business leaders from the 20 countries will meet on the 29th in Rio de Janeiro to discuss the current situation and global perspectives. This meeting marks the beginning of B20 Brazil’s work.
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The Commitment to Sustainability at the B20 and G20
The economic, geopolitical, social, health, and sanitary security challenges of the current landscape demand rapid and globally coordinated actions. Although the G20 brings together countries with significant differences in economic, social inclusion, and sustainability indicators, this diversity should actually be seen as a tremendous opportunity. It favors a multiplicity of views that can facilitate creative responses to common problems.
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Unity for a Sustainable Future
Brazil has a unique chance to unite countries and their business sectors around common purposes to build a strong, more inclusive, and sustainable model of economic growth.
*Ricardo Alban is a businessman and president of the National Confederation of Industry (CNI).
*Dan Ioschpe is chairman of the Board of Directors of Iochpe-Maxion and chair of the B20.
The article was published in the newspaper Estadão on January 27.
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Source: Industry Portal
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