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The third Esfera Forum was held in Guarujá, São Paulo, bringing together government representatives, private sector leaders, and agricultural sector experts to discuss economic growth challenges for Brazil. The agricultural sector was a key focus, with discussions on the safra reform and the economy green. The Minister of Mines and Energy, Alexandre Silveira, highlighted Brazil's role in the global energy transition, signing alliances with India and the US for biocommodities. The energy sector also emphasized investments for a decarbonized economy, acknowledging oil's importance as a revenue source. The potential for exploring fossil fuels in the Equatorial Margin area was discussed, with the Brazilian government estimating 200 billion reais in energy transition investments by 2028. Renewable energy expansion strategies should prioritize rural producers, and initiatives like the Linha em Dólar, Fundo Clima, and Agriculture Verde were mentioned to finance agriculture with fewer emissions. BNDES committed to offering credit lines to producers and supporting the 242 cycle, which has released 8 billion reais for agriculture.
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