Investor Presentaiton

14 Environmental licensing Brazil is the most biodiverse country on Earth and that implies a major responsibility. Brazil has a strong legal framework, which comprises a specific chapter about environmental licensing enshrined in the 1988 Federal Constitution. Even before the Constitution, Brazil had already established an Environment National Policy (1981) The main purpose is making social, economic development compatible with preserving environment quality and ecological balance. Environmental licensing is the main control mechanism in the Brazilian legislation and is required for carrying out any activity that, effectively or potentially, could result in environmental degradation.

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