BNDES Secures R$21 Billion at COP30 as Brazil Launches Ecora and 5 Million‑Credit Amazon Tender

Overview

• BNDES announced agreements totaling R$21 billion with KfW, AFD, CDP, JBIC and the Inter-American Development Bank to finance sustainable projects.
• Roughly R$8.8 billion from these deals will reinforce the Climate Fund, which the government says will reach about R$10 billion for mitigation and adaptation finance.
• Separate KfW lines worth R$1.729 billion were outlined for urban mobility and renewable energy, complementing the multilateral packages.
• Petrobras and BNDES opened a 30‑day tender to buy 5 million high‑integrity restoration credits under ProFloresta+, with five long‑term offtake contracts of 1 million credits each tied to restoring at least 3,000 hectares per contract over 25 years.
• The tender is paired with concessional financing via the Climate Fund, with potential 25‑year terms at about 1% a year and an investment pull estimated above R$450 million, while the new Ecora certifier targets a mid‑2026 start with BNDES as a minority shareholder.