Os títulos verdes podem financiar a agricultura brasileira?

The document explores how green bonds can support Brazil's agricultural sector, noting that while the forestry sector has successfully used these instruments, sustainable agriculture remains underfunded. It highlights the underutilization of government programs like the ABC Program and suggests that securitizing small loans via Certificados de Recebíveis do Agronegócio (CRA) and leveraging bank-issued green bonds could bridge the financing gap for sustainable practices.

• Brazil's agricultural sector is a major global food exporter, with agribusiness contributing 23.5% to the national GDP in 2017 and accounting for 44.1% of total exports, which reached US$96 billion that year.
• Brazil's Nationally Determined Contributions (NDCs) under the Paris Agreement focus heavily on land use and agriculture, including goals to achieve zero illegal deforestation in the Brazilian Amazon by 2030, restore 12 million hectares of forest, and restore 15 million hectares of degraded pastures by 2030.
• Government-subsidized rural credit is underutilized for sustainable projects; for example, between 2010 and 2015, the Low Carbon Agriculture (ABC) Program disbursed an average of only 42.8% of its available funds.
• Small rural producers face significant barriers to accessing credit, including lack of interest from financial institutions, difficulties in preparing documentation due to undefined land property rights, and long processing times that can exceed one year.
• In the Brazilian green bond market, land use is the second largest sector at 38% of volume, but it is heavily dominated by the forestry subsector, which represents 68% of that total.
• There is significant potential to expand green financing through the securitization of small loans using Certificados de Recebíveis do Agronegócio (CRA) and Letras de Crédito do Agronegócio (LCA), which could aggregate smaller revenue streams into green bonds for international and national investors.

APA

Climate Bonds Initiative (2018). Os títulos verdes podem financiar a agricultura brasileira? https://www.climatebonds.net/files/documents/publications/43cad84e-09f5-4a7e-8c5e-061019442fd8.pdf

Chicago

Climate Bonds Initiative. Os títulos verdes podem financiar a agricultura brasileira? 2018. https://www.climatebonds.net/files/documents/publications/43cad84e-09f5-4a7e-8c5e-061019442fd8.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Os títulos verdes podem financiar a agricultura brasileira? |date=November 2018 |url=https://www.climatebonds.net/files/documents/publications/43cad84e-09f5-4a7e-8c5e-061019442fd8.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2018ttulos, author = {{Climate Bonds Initiative}}, title = {{Os títulos verdes podem financiar a agricultura brasileira?}}, institution = {Climate Bonds Initiative}, year = {2018}, month = nov, url = {https://www.climatebonds.net/files/documents/publications/43cad84e-09f5-4a7e-8c5e-061019442fd8.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }