Brazil Allocates Over R$160 Billion for Low-Carbon Economy Transition Environment and Climate Change Minister Marina Silva announced on Tuesday that Brazil has secured more than R$160 billion in funding to support its transition to a low-carbon economy. The resources, sourced through various financing mechanisms, are intended for projects in renewable energy, clean transportation, green industry, and reforestation. Silva made the remarks at the opening of the Technical-Scientific Congress on Organic Agriculture in Campinas, São Paulo state. The total includes R$27.5 billion allocated to the Climate Fund’s 2026 budget, approved by its governing committee last week. “The fund used to have R$400 million [in its previous budget], and [Finance Minister] Fernando Haddad and I came up with the idea of turning it into something that, with a guarantee mechanism, could raise funds in the market. We announced that it has gone from R$400 million to R$27 billion approved last week. And when we combine the Climate Fund with EcoInvest, we already have more than R$160 billion for the ecological transformation plan,” the minister said. The Climate Fund, created by the government in 2009 to support projects that reduce greenhouse gas emissions and promote climate adaptation, has mobilized R$52.4 billion in financing since 2023, including R$34.6 billion in 2025 alone, according to the Brazilian Development Bank (BNDES). EcoInvest, launched in 2024, was designed to attract private capital—particularly from international investors—to finance long-term low-carbon projects. Silva noted that the Lula administration’s next challenge will be ensuring these resources are allocated fairly across the country’s decarbonization initiatives.#brazil #marina_silva #climate_fund #ecoinvest #campinas
