Following the Money

Between 2021 and 2023, bioeconomy finance in Brazil averaged US$ 3.213 billion per year, heavily concentrated in the planted forest and bioenergy sectors. While domestic private sources provided 69% of the funding, biodiversity products and native forests remain significantly underfunded, with the Northern region receiving only 12% of biodiversity-related finance.

• Annual average finance for the Brazilian bioeconomy from 2021 to 2023 was US$ 3.213 billion, with 74% of these funds (US$ 2.391 billion/year) concentrated in the planted forest and bioenergy and biofuels sectors.
• The planted forest sector received 40% of total finance (US$ 1.289 billion/year), primarily focused on eucalyptus and dominated by a single company, Suzano, which accounted for 71% of this amount.
• Bioenergy and biofuels received 34% of bioeconomy finance (US$ 1.101 billion/year), with 87% of this funding coming from thematic bonds and Decarbonization Credits (CBIOs).
• Domestic sources provided 96% of bioeconomy finance (US$ 3.102 billion/year), with private sources contributing 69% (US$ 2.196 billion/year). International sources accounted for only 4% (US$ 0.111 billion/year), primarily from the governments of Germany (43%) and Norway (34%).
• Thematic bonds were the primary financial instrument, raising US$ 1.198 billion/year (38%), followed by rural credit at US$ 0.754 billion/year (23%).
• Finance for biodiversity products is severely limited compared to industrial agriculture; while soy received US$ 16.4 billion/year via rural credit, biodiversity products received only US$ 0.3 billion/year.
• Geographic distribution of biodiversity product finance is skewed; the Southern region received the most (30%), while the Northern region, critical for sustainable development in the Amazon, received only 12%.

APA

Chiavari, J., Motta, M., Lopes, C. L., & Corleto, A. F. (2024). Following the Money. Climate Policy Initiative. https://www.climatepolicyinitiative.org/wp-content/uploads/2024/09/Financing-Bioeconomy-in-Brazil.pdf

Chicago

Chiavari, Joana, Miguel Motta, Cristina Leme Lopes, and Ana Flávia Corleto. Following the Money. Climate Policy Initiative, 2024. https://www.climatepolicyinitiative.org/wp-content/uploads/2024/09/Financing-Bioeconomy-in-Brazil.pdf.

Wikipedia

{{cite report |last1=Chiavari |first1=Joana |last2=Motta |first2=Miguel |last3=Lopes |first3=Cristina Leme |last4=Corleto |first4=Ana Flávia |title=Following the Money |publisher=Climate Policy Initiative |date=September 2024 |url=https://www.climatepolicyinitiative.org/wp-content/uploads/2024/09/Financing-Bioeconomy-in-Brazil.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{chiavari2024following, author = {Chiavari, Joana and Motta, Miguel and Lopes, Cristina Leme and Corleto, Ana Flávia}, title = {{Following the Money}}, institution = {Climate Policy Initiative}, year = {2024}, month = sep, url = {https://www.climatepolicyinitiative.org/wp-content/uploads/2024/09/Financing-Bioeconomy-in-Brazil.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }