Good morning! Today, we talk about a nightmarish scenario in Brazil’s Pantanal wetlands. A look at the Central Bank’s latest policy decision. And Nubank feels the ire of engaged customers.
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Pantanal fires outnumbering 2020 nightmare
Brazil’s Pantanal wetlands have recorded 2,333 fire alerts since January, according to data from the National Institute of Space Research (Inpe). This is an astonishing 1,628 percent increase from the 135 registered in the same period last year.
👉 Why it matters. More worrying still is the fact that the January-June fire totals are higher than they were in the first six months of 2020, the year the Pantanal went on to record its all-time worst fire season.
State of play. Fires occur annually in the Pantanal, the world’s largest tropical wetland. As in many of Brazil’s biomes, the region follows wet and dry seasons rather than summer, fall, winter, and spring.
- But the extent of fires in recent years has pushed the Pantanal beyond its natural limits, aggravated by an expanding agricultural frontier and...