Today’s ESG Updates
- EU Supports Farmers Facing Rising Fertiliser Costs: The EU has adopted new measures to help farmers manage higher fertiliser costs, improve cash flow and strengthen food security.
- World Bank Backs Tourism Development in Peru: A US$77.2 million project will improve the Arequipa–Colca tourism corridor, creating jobs and supporting local businesses.
- El Niño Threatens Brazil’s Coffee Harvest: Brazil’s coffee industry has warned that hotter weather and irregular rainfall could reduce this year’s expected record harvest.
- England’s Nature Plan Faces Criticism: Environmental groups say the UK’s new strategy to restore nature by 2030 does not go far enough to protect biodiversity.
EU adopts support for farmers facing fertiliser costs
The European Council has adopted a new regulation to help European farmers deal with rising fertilizer and production costs linked to the recent crisis in the Middle East. The new rules will allow member states to provide financial support to farmers facing higher costs and cash-flow pressures while helping protect food security across the European Union.
The regulation introduces a new rural development liquidity scheme, allows member states to make direct payments earlier, and gives them more flexibility over their 2027 payment allocations. It also encourages farmers to use fertilizers more efficiently and to increase the use of bio-based alternatives.
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Further reading: Council adopts targeted measures to support farmers facing high fertiliser costs
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World Bank backs Peru tourism development
The World Bank has approved a US$77.2 million project to improve the Arequipa–Colca tourism corridor in southern Peru. The project includes work on roads, healthcare, tourism services, and water and sanitation. It will also protect cultural and natural sites across the region. The funding will be used in several parts of the corridor to improve services and infrastructure.
Officials hope the project will bring more investment, create new jobs, and help local businesses grow. It also aims to attract more visitors interested in the region’s cultural, natural, and adventure tourism. The World Bank says the project will create more economic opportunities for communities across the region.
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Further reading: Peru to Strengthen the Arequipa–Colca Tourism Corridor and Promote Private Investment and Job Creation with World Bank Support
Related Articles
Here is a list of articles selected by our Editorial Board that have gained significant interest from the public:
El Niño threatens Brazil coffee production
Brazil’s coffee industry has warned that El Niño could reduce the country’s expected record coffee harvest by 15% to 20% as hot weather and irregular rainfall threaten production. Although Brazil is still expected to produce 66.7 million bags of coffee this year, changing weather conditions could affect flowering and reduce crop quality. Some growing regions have already experienced unusual weather in recent weeks.
Coffee farmers have invested in irrigation systems and new technology to better cope with changing weather conditions. Experts say hot weather and uneven rainfall could still damage Brazil’s coffee crop when El Niño arrives later this year. They also warn that poor flowering could affect both yields and bean quality.
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Further reading: Brazil coffee faces El Niño headwinds, but crops more resilient
England’s nature restoration plan criticised
The UK government has set out a new plan to restore nature in England by 2030 and protect 30% of the country’s land. The plan asks landowners, farmers, and local communities to voluntarily restore and protect natural habitats to help wildlife recover. Ministers say the strategy will support the country’s long-term nature goals and encourage more action to protect biodiversity.
Environmental groups say the measures do not go far enough, noting that only 7% of England’s land currently meets the government’s target. They are urging the government to strengthen legal protections, speed up efforts to restore nature and take stronger action to protect wildlife.
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Further reading: Plan to restore nature in England by 2030 criticised as ‘completely insufficient’
Editor’s Note: The opinions expressed here by the authors are their own, not those of impakter.com — In the Cover Photo: Man in black jacket standing in front of fruit stand. Cover Photo Credit: Jorge Franganillo.
