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Reuters

Reuters

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Business & Economics

Santander, BNDES back Mombak reforestation, drawing on Brazil climate fund

Reuters
Summary
Nutrition label

82% Informative

Mombak will be the first to fund a reforestation project with the backing of the Brazil 's " New Climate Fund " Brazil 's government launched the 10 billion -real initiative in 2023 to finance climate-related projects.

Santander Brasil is serving as financial intermediary for the deal, underscoring growing interest from private lenders in the sector.

VR Score

92

Informative language

97

Neutral language

87

Article tone

formal

Language

English

Language complexity

53

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

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