Catalyzing Green Capital After COP30: Lessons from Brasília and Belém for Scaling Productive Restoration in Brazil

This briefing by the Climate Policy Initiative (CPI) details discussions held in Brasília and at COP30 in Belém regarding the scaling of productive restoration of degraded pastures in Brazil. It examines the role of blended finance, specific financial instruments designed to mitigate risk and support regenerative agriculture, and the necessity of integrating technical assistance with financial products to ensure environmental and economic viability.

• Analysis of the ABC Recovery credit line indicates limited effectiveness in restoring degraded pastures; over 25% of declared areas were not actually pastures, and credit use only reduced degraded pasture areas by an average of 3%, increasing to 6% when technical assistance was provided.
• The National Program for the Recovery of Degraded Pastures (PNCPD), launched in 2023, aims to restore 40 million hectares over a ten-year period. With 82 million hectares of pastures currently degraded, studies identify an initial restoration potential of 27.7 million hectares, which would require an estimated BRL 139 billion in investment.
• The Caminho Verde program, utilizing BRL 30.2 billion via the EcoInvest platform and pending international partnerships, targets the restoration of up to 3 million hectares across all Brazilian biomes. The program requires producers to commit to zero deforestation and annual carbon reporting, with a potential for removing 19.5 million tonnes of CO2 per year.
• Several financial instruments have been developed to catalyze restoration: The Currency Exchange Fund (TCX) provides long-term hedging to reduce foreign exchange risk for international investors; the Responsible Commodities Facility (RCF) uses USD-denominated green receivables agribusiness certificates to support zero-deforestation soy production; and Growth Next Generation Agriculture (GAN) uses a hybrid FIDC/CRA structure to finance regenerative inputs for up to one million hectares.
• The Belterra platform focuses on converting degraded pastures into productive agroforestry landscapes using blended finance and long-term offtake agreements. It is developing a 40,000-hectare pipeline requiring USD 400 million in structured capital, including equity, outcome-based financing, and resources from BNDES Fundo Clima.

APA

Climate Policy Initiative (2026). Catalyzing Green Capital After COP30: Lessons from Brasília and Belém for Scaling Productive Restoration in Brazil. https://www.climatepolicyinitiative.org/wp-content/uploads/2026/03/Catalyzing-Green-Capital-After-COP30-Insight-Brief.pdf

Chicago

Climate Policy Initiative. Catalyzing Green Capital After COP30: Lessons from Brasília and Belém for Scaling Productive Restoration in Brazil. 2026. https://www.climatepolicyinitiative.org/wp-content/uploads/2026/03/Catalyzing-Green-Capital-After-COP30-Insight-Brief.pdf.

Wikipedia

{{cite report |author=Climate Policy Initiative |title=Catalyzing Green Capital After COP30: Lessons from Brasília and Belém for Scaling Productive Restoration in Brazil |date=February 2026 |url=https://www.climatepolicyinitiative.org/wp-content/uploads/2026/03/Catalyzing-Green-Capital-After-COP30-Insight-Brief.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatepolicyinitiative2026catalyzing, author = {{Climate Policy Initiative}}, title = {{Catalyzing Green Capital After COP30: Lessons from Brasília and Belém for Scaling Productive Restoration in Brazil}}, institution = {Climate Policy Initiative}, year = {2026}, month = feb, url = {https://www.climatepolicyinitiative.org/wp-content/uploads/2026/03/Catalyzing-Green-Capital-After-COP30-Insight-Brief.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }