Seminar: Financing the Energy Transition in Brazil

London – The Embassy of Brazil in London is excited to announce its forthcoming seminar "Financing the Energy Transition in Brazil", scheduled for Tuesday, 26 September 2023. The seminar will be followed by a networking lunch.

Promoting Green Sustainable Finance

In line with Brazil's long-standing commitment to sustainability, the Embassy of Brazil is proud to present the "Financing the Energy Transition in Brazil" seminar, a key gathering that brings together policymakers, experts and entrepreneurs in the field of energy. The event aims at exploring the prospects of energy transition in Brazil and fostering investment opportunities in the country.

The seminar will feature three panels, focusing on policy issues, regulatory advancements, investment prospects and financial instruments. It will also shed light on sustainable energy practices and the potential for business collaborations between the United Kingdom and Brazil in the context of energy transition.

The seminar will commence with opening remarks by the Ambassador of Brazil to the United Kingdom, HE Antonio Patriota, followed by a keynote address from the Rt Hon Graham Stuart MP, Minister of State for Energy Security and Net Zero.

Key Highlights

Sovereign Sustainable Bond Framework: Brazil has recently announced a Sovereign Sustainable Bond Framework that is poised to contribute to financing green, social and energy transition projects. The mechanism adds to Brazil’s green finance instruments and, with regards to energy transition, promises to spark innovation and enhance private sector engagement in energy transition.
BNDES Green Finance: In 2020, the Brazilian Development Bank (BNDES) allocated 40% of loans to projects related to renewable energy-related projects, aligning with global climate objectives.
Green Bonds: Brazil boasts a thriving green bonds market, with 90 bonds issued, collectively valued at USD 11 billion.
Energy Mix: Brazil has a diverse electricity generation matrix, comprising 14% from fossil fuels, 2.5% from nuclear power, 83.4% from clean sources, which include hydropower (64%), as well as wind, biomass, and solar power.

Event Details

• Date: 26 September 2023
• Time: 8:30 AM – 12:15 PM, followed by a networking lunch
• Venue: Sala Brasil, Embassy of Brazil, 14-16 Cockspur Street, London SW1Y 5BL

To register for this event, please email: environment.london@itamaraty.gov.br
Registration is mandatory, and seating is limited, allocated on a first-come, first-served basis. In the event that capacity is reached, RSVPs will receive a link to attend the event online.

Programme

8:30 – 9:00 Registration and Reception Coffee

9:00 – 9:10 Opening Remarks – HE Antonio Patriota, Ambassador of Brazil to the UK

9:10 – 9:20 Keynote Speech – Rt Hon Graham Stuart, Minister for Energy Security and Net Zero

9:20 – 10:05 Panel I: Financial Instruments and Regulatory Framework for Green Finance in Brazil

Moderator: David Lubin, EME Director at Citi
Panellists: Isabela Damaso, Head of Sustainability and International Portfolio Investors Unit at Brazil’s Central Bank
Nabil Kadri, Deputy Managing Director of Environment at BNDES
Gustavo Naciff Andrade, Deputy Director for Energy Economics and Environmental Studies at the Energy Research Office (EPE in its Portuguese acronym)
João Paulo Resende, Special Advisor for Climate Change Economics, Ministry of Finance

10:05 – 10:25 Coffee Break

10:25 – 11:10 Panel II: Investment Opportunities for Energy Transition in Brazil

Moderator: Duncan Grieve, Special Counsel – Cadwalader, Wickersham & Taft LLP
Panellists: David Cairns, Vice President Political and Public Affairs – Global – Equinor
Simone Guimarães, Head of Communications & External Affairs – BP
Eduardo Seade, Regulatory Counsel – Europe – Raízen

11:10 – 11:30 Coffee Break

11:30 – 12:15 Panel III: Financial Sector Investment Opportunities for Energy Transition in Brazil

Moderator: Simon Davies, Special Adviser at Andean Capital
Panellists: Rodrigo Bezerra, Head of Upstream, Global Emissions at Hartree Partners
Alfredo Mordezki, Head of LatAm Fixed Income at Santander
Graham Stock, Senior EM Sovereign Strategist at Blue Bay Asset Management
Greg Brown, Partner at Allen & Overy
Katya Gorbatiouk, Head of Funds, Primary Capital Markets at London Stock Exchange

12:15 – 14:00 Networking Lunch

For further information, please contact:
Nicola Speranza
Counsellor, Head of the Environment and Energy Section
environment.london@itamaraty.gov.br

For media inquiries, please contact:
Adam Jayme Muniz
Counsellor, Head of the Public Diplomacy Section
press.london@itamaraty.gov.br

Note: The information contained in this press release is accurate as of the date of publication and is subject to change as the event approaches.