Eucalyptus monoculture in the Jequitinhonha Valley causes major environmental impacts
A new study, carried out by Fair Finance Brazil member IDEC and partners, shows how eucalyptus monoculture in the Alto Jequitinhonha is responsible for the expropriation of land and water from farmers in the region. Aperam Bioenergia, the company involved in large-scale eucalyptus production in the region, has been financed by both the National Bank for Economic and Social Development (BNDES) and Banco Votorantim.
The study in full can be found here (in Portuguese).
A summary of the study in English can be found here.