Brazil Locks In R$21 Billion for Green Projects at COP30 as Carbon-Market Push Accelerates

Overview

• BNDES announced R$21 billion in new international financing with the BID, KfW/AFD/CDP and JBIC to support renewables, mobility, biofuels and credit for smaller firms.
• The government said Fundo Clima will reach about R$10 billion, including €1 billion from European development banks and US$500 million from the BID, with first disbursements expected in early 2026.
• Petrobras and BNDES opened the first ProFloresta+ tender to procure 5 million high‑integrity restoration credits via long‑term offtake contracts, with a 30‑day window for bids.
• Bradesco, BNDES, Ecogreen and Aecom launched Ecora, a Brazilian carbon‑credit certifier, with BNDES as a minority shareholder and operations targeted for mid‑2026; ownership details were not disclosed.
• The BID approved a US$15 million, 20‑year guarantee for the Triunfo do Xingu restoration concession to help restore about 9,980 hectares and sequester 3.7 million tonnes of CO2, while BNDES outlined a permanent disaster‑response policy backed by an initial R$100 million for studies.