The year 2020 seems to be the magic number for carbon reduction targets. Many companies have used that as the cut off point in their public commitments of reducing emissions and implementing new environmental initiatives. Brazil is the latest entity to join this race as the country recently announced it will reduce 36 percent of its carbon emissions by 2020.

Brazil has already announced a few positive steps in this direction. For example, the country announced that deforestation in the Amazon has been slowed by 45 percent over the past four years. Over 50 percent of Brazil’s energy comes from renewable sources, according to a report by Forbes. And the government is proposing a new law that would give federal grants and other assistance to land owners that attempt to reintroduce native vegetation to their land.