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Cop: Brazil draws R8.8bn to Climate Fund

  • Spanish Market: Biomass, Emissions
  • 13/11/25

Brazil's development bank Bndes and environmental ministry (MMA) drew R8.84bn ($1.67bn) in reimbursement resources to its Climate Fund, the bank said at the UN Cop 30 climate summit in Belem,Brazil, on Wednesday night.

European banks Germany's Kreditanstalt fur Wiederaufbau, France's Agence Francaise de Developpement and Italy's Cassa Depositi e Prestiti committed to invest €1bn ($1.16bn) by 2027 through reimbursement aimed at climate financing. The Interamerican Development Bank will contribute with another $500mn for the fund in the same period.

A foreign finance commission under Brazil's planning ministry and each institution must approve before the resources before signing financing agreements.

Bndes's Climate Fund is a financial mechanism focused on climate actions, such as energy transition and sustainable development projects, especially for small- and medium-sized companies.

New operations for forests

Bndes and MMA also announced five new credit operations totaling R912mn to restore native vegetation in the Amazon rainforest, in the tropical savanna biome known as Cerrado and in the coastline Atlantic Forest.

Brazilian private-owned companies focused on recovering degraded lands and promoting sustainable agriculture practices will restore over 86,000 hectare (ha), but Bndes did not specify any timeframes.

Scale forest restoring company Re.green holds the largest fund, with R250mn, to restore around 19,000ha along the Amazon and the Atlantic Forest. The Climate Fund has already granted other R187mn to the firm in 2024, targeted at preventing the emission of 1.27mn metric tonnes (t)/yr of CO2 equivalent.

Other projects include Brazilian investment bank BTG Pactual's ecological subsidiary Camapua, investments holding Lorinvest's forestry subsidiary Tree+, public projects developer Ibema group and investment group Patria.


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