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Brazil, GCF to draw $1bn to climate fund

  • Märkte: Emissions
  • 04.11.25

Brazil's finance ministry, national development bank Bndes and South Korea-based Green Climate Fund (GCF) next year will launch a Brazil-focused climate fund to mobilize private investments in sustainable development, Bndes said.

The fund aims to draw $1bn from private investors to promote large-scale sustainability policies in tandem with Brazil's nationally determined contribution (NDC) under the Paris Agreement, the finance ministry said at the UN Cop 30 climate summit business and finance forum on 4 November, in Sao Paulo. Brazil is committed to reduce its greenhouse gas emissions (GHG) by 59-67pc from 2005 levels by 2035 and stop legal and illegal deforestation by 2030.

The program is part of Brazil's climate and ecological transformation investment platform (BIP), launched in October 2024. With an initial investment of $400mn, the fund includes private and public partners, such as Bloomberg Philanthropies and the Glasgow Financial Alliance for Net Zero (GFANZ).

GCF and Brazil's finance ministry proposed a mixed financing structure, with both private and public resources, to reduce investments risks and serve as reference to other emergent markets and developing economies.

"[The proposal] will reduce the gap between available trading capital and required resources for projects aligned to climate transition", GCF's executive director Mafalda Duarte said.

Brazil will host the UN Cop 30 climate summit in Belem from 10-21 November. Countries are likely to discuss a response to the latest round of NDCs, and leaders may announce new targets or plans, if their governments have not already done so.


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