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Brazil launches innovative platform at COP29 with R$10,8 billion in investments and BNDES “Green Seal” to transform the economy and lead the climate revolution

Written by Bruno Teles
Published 13/11/2024 às 12:52
Brazil launches innovative platform at COP29 with R$10,8 billion in investments and BNDES' "Green Seal" to transform the economy and lead the climate revolution
Platform seeks to attract global investors to sustainable projects in Brazil, focusing on decarbonization and ecological transformation, supported by R$10,8 billion in potential investments. (Image: Reproduction)

Brazilian Government Platform Launched at COP29 with R$10,8 Billion in Investments and BNDES Green Seal. Tool aims to connect investors to environmental and decarbonization projects, with a focus on transforming the economy and reducing CO2 emissions.

Today, Wednesday (13), during COP29, in Baku, Azerbaijan, the Brazil Platform for Climate Investments and Ecological Transformation (BIP) was officially launched, an initiative of the Brazilian government to accelerate the green transition and strengthen the country's environmental commitments. The National Bank for Economic and Social Development (BNDES) will be responsible for the secretariat of the platform, which already has R$ 10,8 billion in potential investments.

The project aims to connect funding sources to initiatives aligned with public policies decarbonization plans, with a focus on three key areas: bioeconomy, industry and mobility, and renewable energy and energy efficiency.

BNDES Green Seal

All mapped projects have the BNDES “green seal”, a seal that guarantees that investments are in line with Brazil’s climate and environmental goals, attracting international capital.

“We want to be the Bank of the Future, and it is not possible to do this dissociated from the green agenda, from the climate transition”, stated Luis Augusto Navarro, Director of Compliance and Risks at BNDES, who highlighted the growth of more than 50% in the institution's loans in the last two years, part of a repositioning strategy towards a more sustainable and modern model.

Brazil's economic future

Vice President Geraldo Alckmin, who was present at the event, highlighted the importance of the platform for Brazil’s economic future, which aims to continue growing at a rate of over 3% per year, but with the priority of decarbonizing its economy. “We want to continue growing, but we need to do so by decarbonizing,” he said.

Environment Minister Marina Silva also highlighted that the BIP is directly connected to the objectives of the review of Brazil's Nationally Determined Contributions (NDCs), which foresee a 76% reduction in CO2 emissions by 2035.

She explained that the platform not only meets emissions mitigation goals, but also seeks to create a new economic transformation model that is socially fair and environmentally sustainable. “We are creating a new cycle of prosperity that makes sense for the 21st century,” he said.

Investments from Brazil

In partnership with international organizations such as Bloomberg Philanthropies, the Glasgow Finance Alliance for Net Zero (Gfanz) and the Green Climate Fund (GCF), the platform aims not only to attract investment from Brazil, but also to position the country as a leader in green innovation and sustainability on the global stage.

BIP already has projects mapped out in areas such as green hydrogen, sustainable aviation fuels (SAF), low-emission mineral extraction, green fertilizers and forest restoration in regions of the Amazon and Atlantic Forest.

Access to the platform can be done through the website gov.br/bip, where investors can explore financing opportunities and support Brazil’s ecological transformation.

This release marks an important step for the Brazilian environmental agenda and reinforces the country's commitment to reducing its emissions and developing a growth model that integrates sustainability and innovation.

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Bruno Teles

I talk about technology, innovation, oil and gas. I update daily about opportunities in the Brazilian market. With more than 3.000 articles published in CPG. Agenda suggestion? Send it to brunotelesredator@gmail.com

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