Brazil and GFANZ launch initiatives to scale climate transition finance

Brazil partnered with GFANZ and its development bank BNDES on two initiatives to scale climate transition investment and advance the climate priorities of its G20 Presidency. For Indian sustainable finance, Brazil's model of public-private climate finance partnerships offers a template for mobilising investment in emerging-economy green growth.

GFANZ Co-Chairs Michael R. Bloomberg and Mark Carney announced two initiatives with Brazilian financial institutions and the Brazilian Development Bank (BNDES) to fund Brazil's climate transition strategies and advance the climate finance priorities of its G20 Presidency. The initiatives focus on scaling climate transition investment across the Brazilian economy in support of the government's green growth agenda. Reinforced by its updated Nationally Determined Contribution, Brazil aims to reduce emissions by 50% by 2030, with potential to become the first G20 nation to reach net zero while creating employment and spreading wealth.

Brazilian financial institutions and BNDES are directly involved as partners in scaling climate transition investment. Sectors targeted by Brazil's green growth agenda are affected, including manufacturing decarbonisation, renewables, sustainable transport, bio-economy, green hydrogen, and ecosystem restoration. Global investors gain new opportunities through public-private partnerships designed to fund innovative climate projects. Brazil's position as G20 President this year and host of COP30 in 2025 amplifies the initiatives' significance, with BNDES President Aloizio Mercadante citing efforts to accelerate Brazil's green reindustrialisation through global investment.

Investors and financial institutions should monitor the rollout of GFANZ's two initiatives with Brazilian financial institutions and BNDES, which aim to scale climate transition investment across the economy. Stakeholders should track Brazil's progress toward its updated NDC target of cutting emissions 50% by 2030 and its ambition to be the first G20 nation to reach net zero. Sectors including renewables, green hydrogen, sustainable transport, bio-economy, and ecosystem restoration present investment opportunities. Participants should watch developments around Brazil's G20 Presidency and its hosting of COP30 in 2025.

Key figure — Brazil's emissions reduction target: 50% by 2030