Climate Fund

It is a Brazilian government initiative designed to finance projects aimed at boosting the new low carbon economy and creating economic development with environmental sustainability. The Climate Fund is financed through Sovereign Sustainable Bonds - raised by the National Treasury -, managed by the Ministry of Environment and operationalized by the National Bank for Economic and Social Development (BNDES). In 2024 alone, the fund released 2.5 times more resources than in the last 10 years combined. In addition, it intends to double the budget in 2025 to R$20 billion.

Priority financing areas

Resilient and sustainable urban development:	Support for projects that promote the adaptation of cities to climate change, including green infrastructure and environmental risk management.
Green industry:	Modernization of industrial processes aimed at emissions reduction and efficient use of resources.
Green transportation logistics, mass transit and mobility:	Encouraging sustainable transportation systems, such as electric vehicles, and improvements in public transportation.
Energy transition:	Investment in renewable energy sources such as solar and wind energy, as well as energy storage technologies.
Native forests and water resources:	Support for projects aimed at forest conservation and restoration and sustainable management of water resources.
Green services and innovation:	Promoting innovative solutions that contribute to environmental sustainability and emissions reduction.

Key achievements in 2023

📈 Historical comparison

The amount approved in seven months is 2.5 times higher than the total approved between 2013 and 2023, which was R$3 billion (updated values).

👷‍♀️ Green jobs

The initiatives financed created approximately 15,200 permanent green jobs in one year

🌍 Emissions reduction

The projects approved have the potential to avoid or remove 3.3 million tons of CO₂ equivalent per year, which corresponds to:
• Approximately 63% of emissions from Brazilian domestic flights;

📍 Regional distribution

In the Northeast, funds totaling R$1 billion were approved in the period, 19 times more than the R$51 million released in 2022.

🛢️ Sustainable fuels

Projects to produce sustainable fuels, such as Sustainable Aviation Fuel (SAF) and bunker fuels, reach a demand of R$167 billion, indicating Brazil's potential to lead global decarbonization.

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