The Brazil Climate and Ecological Transformation Investment Platform – BIP is an initiative from the Brazilian government created with the ambition of expanding investments in ecological transformation towards the decarbonization of the economy, the sustainable use of resources and the improvement of the quality of life of the population. Led by the Ministry of Finance (MF), together with the ministries of Environment and Climate Change (MMA), Development, Industry, Commerce and Services (MDIC), and Mines and Energy (MME), the Platform supports the Ecological Transformation Plan and other government climate transition and adaptation plans in key sectors. The National Bank for Economic and Social Development (BNDES) acts as the Secretariat for the Platform, managing the day-to-day operations.
“Support the achievement of Brazil's climate goals by increasing investment in support of the ecological transformation and transition plans in key sectors”
The Brazilian government announced on October 23, 2024, in Washington, D.C., United States, the launch of the Brazil Climate and Ecological Transformation Investment Platform (BIP).
The event was attended by the Minister of Finance, Fernando Haddad; the Minister of Environment and Climate Change, Marina Silva; the Director of Infrastructure, Energy Transition, and Climate Change at BNDES, Luciana Costa; and the UN Special Envoy for Climate Action and Finance and Co-Chair of the Glasgow Financial Alliance for Net Zero (GFANZ), Mark Carney.
Representatives from the Asian Infrastructure Investment Bank (AIIB), the World Bank, the Inter-American Development Bank (IDB), and the New Development Bank (NDB) also participated.
Based on the G20 reference framework for country platforms, the BIP differentiates itself from others around the world by three factors:
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Multisectoral approach — The Platform supports three main sectors and sub-sectors for the ecological transformation: Nature-Based Solutions and Bioeconomy, Industry and Mobility, and Energy;
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Focus on financing — The Platform connects Brazilian projects to an extensive network of financial institutions to help scale the mobilization of public and private capital, focused on financing programs and projects;
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Connection between stakeholders — The Platform promotes connection between key financial stakeholders (e.g. banks, Multilateral Development Banks (MDBs), investment funds) and non-financial stakeholders (e.g. sectoral initiatives, civil society organizations) in the ecological transformation ecosystem.
- Sustainable fuels
- Recovery of native vegetation
- Sustainable management of native vegetation
- Agricultural bio inputs and green fertilizer
- Waste management
- Regenerative agriculture
- Biotechnology
- Sustainable fuels
- Eletric urban mobility
- Low carbon emissions hydrogen
- Agricultural bio inputs and green fertilizer
- Low carbon emissions steel / aluminum
- Low carbon emissions cement
- Energy efficiency
- Strategic minerals
- Sustainable fuels
- Resilient renewable systems for isolated areas
- Low carbon emissions hydrogen
- Technologies for resilient power grids
- Offshore wind
- Energy efficiency
- Strategic minerals
Companies with projects in the abovementioned subsectors seeking funding can submit their projects to the Platform to be shared with the network of financial institutions. To enter the BIP, projects must be aligned with four minimum parameters:
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Alignment with transition plans and national programs — The project must be aligned with the definitions and priorities of the Ecological Transformation Plan, Climate Plan, New Industry Brazil, National Energy Transition Plan, and other Brazilian government programs and plans.
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Material environmental impact — The project must generate significant impact by reducing, sequestering or avoiding Greenhouse Gas (GHG) emissions;
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Material amount of capital mobilization and support from the platform needed — The project requires a relevant amount of capital and support from the Platform to be able to raise capital;
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Socio-economic cobenefits — The project brings other benefits in addition to environmental impact, such as job creation and improved quality of life.
Projects
Energy
Sustainable fuels
Developing a renewable fuels project aiming to produce 1 billion liters per year of green diesel and sustainable aviation fuel from macauba.
Total investment: US$ 3.5B
Nature-Based Solutions and Bioeconomy
Native vegetation restoration
Restoring 6,000 hectares by creating ecological corridors and reconnecting fragmented areas of the Atlantic Forest.ㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤ
Total investment: US$ 95M
Nature-Based Solutions and Bioeconomy
Agricultural bio-inputs and green fertilizer
Brazil’s first industrial-scale green fertilizer plant.
Total investment: US$ 1.15B
Nature-Based Solutions and Bioeconomy
Native vegetation restoration
Restoration of 14,000 hectares of vegetation in the Amazon and Atlantic Forest.
Total investment: US$ 136M
Industry and Mobility
Strategic minerals
High grade class-1 nickel production in Pará, with class-leading GHG emission credentials.
Total investment: US$ 370M
Energy
Low-carbon hydrogen
Industrial project to produce and export Green Ammonia. Casa dos Ventos will also build the renewable energy projects necessary to supply electricity to the project.
Total investment: US$ 5.0B
Industry and Mobility
Strategic Minerals
Production of activated clay as a supplementary cementitious material (SCMs) for clinker replacement in cement
Total investment: US$ 617M
Energy
Low-carbon hydrogen
Establishing a $3.5 billion green hydrogen plant.
Total investment: US$ 3.5B
Industry and Mobility
Strategic minerals
Developing low-emission extraction methods for rare earth elements.
Total investment: US$ 425M
Nature-Based Solutions And Bioeconomy
Regenerative agriculture
Cocoa plantation in the Cerrado region of Bahia aiming to restore native vegetation around the plantation
Total investment: US$ 780M
Industry and Mobility
Strategic minerals
Expansion project of an ionic clay mine to establish a new mining plant to produce rare earth carbonate in Goiás.
Total investment: US$ 1.05B
Industry and Mobility
Low carbon emissions steel
Highly digitized facility producing renewable hydrogen and near-zero emission Hot Briquetted Iron (HBI) achieving over 90% CO₂ reduction, driving steel industry decarbonization.
Total investment: US$ 2.9B
Industry and Mobility
Low-carbon steel/aluminum
Construction of industrial hubs for green hydrogen and hot-briquetted iron (HBI) production to decarbonize the steel industry
Total investment: US$ 2.5B
The Platform is led by a Steering Committee composed of the four ministries (MF, MMA, MDIC, MME), with leadership from the Ministry of Finance, being responsible for the Platform's agenda within the government and for defining its strategic guidelines.
BNDES acts as the Platform's Secretariat, providing general administrative and project management support, and facilitating communication and collaboration among stakeholders, as well as coordinating relations with financial institutions and communication with the external public.
The Working Groups and Support Partners will be defined in the coming months.
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