Brazil's Government launches public panel with 250 actions under Ecological Transformation Plan

The event “New Brazil: two years of Ecological Transformation on the Path to COP30” [Novo Brasil: Dois anos de Transformação Ecológica Rumo à COP30] was held in Rio de Janeiro by the Brazilian Ministry of Finance as part of the official program of the Rio Climate Action Week (RCAW). The agenda marked the second anniversary of implementation of the New Brazil - Ecological Transformation Plan. One of the highlights was the launch of the Plan's Monitoring Panel, a transparency platform developed in partnership with the Directorate for Development of Public Management and Educational Policies at Getulio Vargas Foundation (FGV DGPE) to record, monitor, and report on the Plan's strategic actions and objectives. From the 250 actions foreseen, more than 150 have already been implemented.

Held on Thursday, August 28, the event also allowed for the presentation and discussion of global dimension proposals foreseen in the plan, with particular focus on the Tropical Forests Forever Fund (TFFF), the coalition of national carbon markets, and climate financing, in preparation for COP30, to be held in Belém next November. Brazilian Government authorities, representatives from the private sector, academia, and civil society participated in two panels. The first panel, titled “New Brazil: two years transforming the economy towards a just and sustainable development” [Novo Brasil: dois anos transformando a economia para um desenvolvimento justo e sustentável], presented an institutional assessment of the results of innovative financial instruments developed by the Plan, as well as the lessons learned during the past two years and the challenges and future pathways to deepen the Ecological Transformation.

CONCRETE RESULTS - According to the Ministry of Finance's Deputy Executive Secretary, Rafael Dubeux, the Ecological Transformation Plan has become the country's main agenda for sustainable development, gathering economic, regulatory, and social policies with concrete results. Dubeux highlighted the goals of doubling per capita income by 2050 and achieving an additional 10 percent increase by 2026. “We are on track to reach the 10 percent per capita increase by 2026,” he stated.

Another goal is to reduce inequality to less than 0.5 in the Gini index by 2026, considering the historical average of around 0.55. “It has been declining. We almost reached that level last year,” noted Dubeux. With the progressive taxation measures in the Income Tax and the taxation of exclusive offshore funds, the country is expected to fall below 0.5 by 2026 and below 0.4 by 2050.

Dubeux also believes that with the increased use of biofuels and the reduction of deforestation rates, Brazil can not only meet its greenhouse gas emissions targets in the coming decades but also achieve the Net Zero scenario by 2050, where carbon emissions are fully balanced by carbon removals.

Check out the document Novo Brasil: Dois Anos Transformando a Economia para um Desenvolvimento Justo e Sustentável (in Portuguese).

Through the Ecological Transformation Plan - New Brazil, the Ministry of Finance is structuring policies and instruments to foster sustainable and low-carbon development while also building a framework for climate adaptation and resilience. The ecological transition is seen as a strategic opportunity to generate green jobs, improve the population’s quality of life, and contribute to the fulfillment of Brazil’s Nationally Determined Contribution (NDC) on the path to achieving net-zero emissions by 2050.

The Brazilian Ministry of Finance has also been a key player during Brazil’s COP30 Presidency, coordinating economic and climate proposals for sustainable globalization. Brazil is leading efforts to expand climate financing internationally, with the goal of mobilizing at least USD 1.3 trillion annually by 2035, and is working to establish new standards for global financial governance based on inclusion, equity, and tangible progress.

THE PATH TO COP30 - The second panel, “The Path to COP30: New Brazil contributions to global climate ambitions” [Rumo à COP30: as contribuições do Novo Brasil para as ambições climáticas globais], presented the perspectives of the Brazilian Government, the private sector, and civil society on priority measures for global climate financing. The panel was composed exclusively of female leaders, reflecting the key role of women at the forefront of global climate governance and bringing indispensable perspectives to building a future that is truly sustainable and just.

According to Carolina Grottera, Program Director at the Ministry of Finance, the Ecological Transformation Plan has been implementing a series of innovations, with financial, fiscal, and tax instruments that aim to bring the environmental and climate aspects “to the core of economic policy decision-making.”

Grottera presented the scope of action for COP30, with “concrete proposals, focused on the delivery of results, to be taken to the event in Belém”. “We want to seek solutions that do not necessarily require diplomatic consensus among UNFCCC (the United Nations Framework Conference for Climate Change) member countries, but rather with those countries that share similar perspectives, goals, and a willingness to work together to accelerate solutions,” she emphasized.

The Program Director presented the Ministry of Finance's three strategic  priorities related to this objective:  The Tropical Forests Forever Fund (TFFF) as an innovative instrument for financing the presentation of tropical forests; the coalition of countries interested in integrating carbon markets, focused on inter-operability and regulatory credibility; and the expansion of international climate financing, including the USD 1.3 trillion Baku-Belém Roadmap, aiming to mobilize public and private financing at the international level for climate mitigation and adaptation measures that can limit global warming to 1.5° C, considering the needs of the most vulnerable populations in particular.

Watch the institutional video on the New Brazil - Ecological Transformation Plan (available in Portuguese)

TRANSPARENCY OF ACTIONS - Another high point of the Rio event was the launch of the New Brazil Monitoring Panel (in Portuguese), developed through a partnership with FGV-DGPE. The platform will allow individuals, researchers, the private sector, and civil society to follow, in real-time, the advancements of the strategy, increasing transparency, governance, and social accountability of the 250 actions that are monitored – 150 of which have already been implemented throughout the two years of the program.

The Brazilian Ministry of Finance was also represented by the Secretary of International Affairs, Tatiana Rosito, who demonstrated how this agenda has been projecting Brazil as a central actor in global climate discussions. The event also counted with the presence of the COP30 Executive Director, Ana Toni, who emphasized the importance of the Plan as one of the pillars of the Brazilian contribution to the Belém gathering.

Sustainable Finances

- Sustainable Sovereign Bonds: 2 issuances = USD 4 billion raised + new pre-issuance report in 2025

- Climate Fund: BRL 10 billion/year for decarbonization and innovation

- Eco Invest Brazil:

• 1st auction: BRL 44.3 billion mobilized
• 2nd auction: BRL 30.2 billion to restore 1.4 million hectares of degraded land
• 3rd auction (under design): focus on equity for innovation

- Carbon Market Law approved + creation of a managing authority

- Brazilian Sustainable Taxonomy approved

- Resolutions by Banco Central, CVM, and SUSEP: strategy for resilience against extreme climate events

Technological Densification

- Redesign of sectoral and R&D funds: 10 structuring themes

- Unfreezing of the FNDCT with an allocation of BRL 14.67 billion for innovation investments in 2025

- MOVER Program: BRL 100 billion in new investments (fleet decarbonization and recyclability)

- Local content rules: Climate Fund, regional funds, FGTS [Brazil's Social Security Fund], and public procurement with preference margins

- LCD – Development Credit Notes: fundraising of BRL 9.8 billion (2024) and BRL 4.4 billion (2025) by Brazil’s National Development Bank (BNDES)

- Strategic minerals and rare earths: Investment Fund (BRL 1 billion) + BNDES/FINEP call (BRL 5 billion) – 124 projects submitted, with proposals totaling BRL 85 billion 

Bioeconomy and Agri-Food Systems

- Tropical Forests Forever Fund (TFFF): potential of USD 125 billion

- Restoration Arc: recovery of 6 million hectares of degraded land by 2030 and 18 million hectares by 2050

- Initial investment: BRL 1 billion (Amazon Fund + Climate Fund)

- Forest concessions: 1.3 million hectares under concession + 0.5 million hectares granted since 2023 and 2.0 million hectares in process

- National Program for the Conversion of Degraded Pastures: target of 40 million hectares in 10 years

Energy Transition

- Fuels of the Future Law: incentives for green diesel, SAF, biomethane, and synthetic fuels

- SAF (Sustainable Aviation Fuel): BNDES/FINEP call of BRL 6 billion – 76 projects submitted (proposals total BRL 167 billion)

- Increasing blends of ethanol + biodiesel in gasoline and diesel

- Offshore wind: regulatory framework approved + first licensed project (Rio Grande do Norte state)

- Tax incentives for hydrogen: BRL 18 billion until 2032

- Investment potential in hydrogen: BRL 130 billion

- Creation of the Hydrogen Advanced Research and Competence Center (Fraunhofer + ICTs + Petrobras)

 - International hubs: attracting foreign capital

- Mobility (PAC): financing for the acquisition of 2,296 electric buses and 39 rail vehicles

Circular Economy

- Tax Reform: differentiated IBS and CBS regimes for waste from informal collectors and cooperatives

- Reverse Logistics: regulation of credit certificates + expansion to additional sectors

- Pro-Collectors Program: BRL 103.6 million for strengthening cooperatives

- Citizen Revenue Program: industrial transport with technological development for the social allocation of seized goods

- PEOMEC: Promotion of the Circular Economy. Establishment of partnership between the Ministry of Finance and GIZ (Brazil-Germany cooperation for sustainable development)

Green Infrastructure and Adaptation

- Living Peripheries [Periferia Viva] (New PAC): BRL 4.7 billion for the urbanization of favelas

- Slope stabilization and urban drainage: BRL 6.3 billion (1st PAC selection), totaling BRL 21.4 billion

- Urban water and sanitation: BRL 53.8 billion

- COFIEX sub-limit for sustainable projects: USD 1.8 billion (2023 and 2025)

- Climate Plan: national and sectoral strategies (agriculture, energy, transport, waste, cities)

- Green and Resilient Cities Program: nature-based solutions for sanitation, drainage, water, and tree planting

- National Civil Defense Plan: guidelines for risk reduction and disaster management