In order to mobilize international resources to further Brazil’s climate agenda, the Brazilian government has adopted a series of initiatives. These include the Brazil Climate and Ecological Transformation Investment Platform (Plataforma Brasil de Investimentos Climáticos e para Transformação Ecológica – BIP), the Foreign Private Capital Mobilization and Currency Hedging Programme (Programa de Mobilização de Capital Privado Externo e de Proteção Cambial – Eco Invest Brasil).
The country has also issued sustainable sovereign bonds and resumed the Amazon Fund. The common objective of these initiatives is to leverage international resources for financing climate projects and to create favorable investment conditions to drive foreign private capital to projects aligned with the national climate agenda. Foreign capital plays a crucial role in complementing domestic financial sources, both public and private, necessary for the transition to a low-carbon economy.
Quantifying the international climate finance flowing into Brazil can establish a baseline to track trends in climate finance over time. This report “International Climate Finance Tracking for Brazil” prepared by Climate Policy Initiative aims to establish this baseline of international climate finance flows to Brazil. International climate finance for Brazil reached $ 5.1 billion per year in 2021–2022, an increase of 84% ($ 2.2 billion/year) compared to 2019-2020.
Access the report here
