Financiamento para a Bioeconomia no Brasil: Fontes e Destinação dos Recursos

This report by the Climate Policy Initiative (CPI/PUC-Rio) analyzes financial flows for the bioeconomy in Brazil between 2021 and 2023. It identifies a significant concentration of funding in planted forests and bioenergy, while highlighting a substantial funding gap for biodiversity-based products and native forests, particularly in the North region.

• Between 2021 and 2023, the average annual financing for the bioeconomy in Brazil was R$ 16.6 billion. The vast majority of these funds (74%, or R$ 12.3 billion/year) were concentrated in two sectors: planted forests and bioenergy and biofuels.
• The planted forest sector accounts for 40% of total bioeconomy financing (R$ 6.6 billion/year), primarily focused on eucalyptus. A single company, Suzano, is responsible for 71% of this sector's funding through BNDES financing and three thematic bonds.
• Bioenergy and biofuels received 34% of the total financing (R$ 5.7 billion/year). Innovative instruments, specifically Decarbonization Credits (CBIOs) and thematic bonds, provided 87% of this funding, with BNDES contributing the remaining 13%.
• Funding for biodiversity-based products, family farming, and native forests is significantly lower. Biodiversity products received R$ 1.4 billion/year (9%), family farming received R$ 1.4 billion/year (8%), and native forests received R$ 0.92 billion/year (6%).
• Domestic private sources provided 69% of the total financing (R$ 11.5 billion/year), while domestic public sources provided 27%. International resources accounted for only 4% (R$ 0.58 billion/year), primarily from the governments of Germany (43%) and Norway (34%), and international climate funds (14%).
• Thematic bonds are the primary financial instrument, capturing R$ 6.4 billionSSSSS billion/year (38%), but they are used exclusively for planted forests and bioenergy/biofuels. Rural credit is the second most relevant instrument at R$ 3.8 billion/year (23%), with 36% of those funds channeled through the National Program for Strengthening Family Agriculture (Pronaf).
• There is a stark disparity in rural credit allocation between biodiversity products and industrial commodities. While biodiversity products received R$ 1.4 billion/year, soy received R$ 84.4 billion/year, cattle R$ 75.6 billion/year, corn R$ 36.3 billion/year, and coffee R$ 17.9 billion/year.

APA

Chiavari, J., Motta, M., Lopes, C. L., & Corleto, A. F. (2024). Financiamento para a Bioeconomia no Brasil: Fontes e Destinação dos Recursos. Climate Policy Initiative. https://www.climatepolicyinitiative.org/wp-content/uploads/2024/09/Financiamento-para-a-Bioeconomia-no-Brasil-Fontes-e-Destinacao-dos-Recursos.pdf

Chicago

Chiavari, Joana, Miguel Motta, Cristina Leme Lopes, and Ana Flávia Corleto. Financiamento para a Bioeconomia no Brasil: Fontes e Destinação dos Recursos. Climate Policy Initiative, 2024. https://www.climatepolicyinitiative.org/wp-content/uploads/2024/09/Financiamento-para-a-Bioeconomia-no-Brasil-Fontes-e-Destinacao-dos-Recursos.pdf.

Wikipedia

{{cite report |last1=Chiavari |first1=Joana |last2=Motta |first2=Miguel |last3=Lopes |first3=Cristina Leme |last4=Corleto |first4=Ana Flávia |title=Financiamento para a Bioeconomia no Brasil: Fontes e Destinação dos Recursos |publisher=Climate Policy Initiative |date=September 2024 |url=https://www.climatepolicyinitiative.org/wp-content/uploads/2024/09/Financiamento-para-a-Bioeconomia-no-Brasil-Fontes-e-Destinacao-dos-Recursos.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{chiavari2024financiamento, author = {Chiavari, Joana and Motta, Miguel and Lopes, Cristina Leme and Corleto, Ana Flávia}, title = {{Financiamento para a Bioeconomia no Brasil: Fontes e Destinação dos Recursos}}, institution = {Climate Policy Initiative}, year = {2024}, month = sep, url = {https://www.climatepolicyinitiative.org/wp-content/uploads/2024/09/Financiamento-para-a-Bioeconomia-no-Brasil-Fontes-e-Destinacao-dos-Recursos.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }