Fortalecimento da Implementação do Financiamento Climático: O Caminho do Brasil na Presidência do G20 à COP30

This report, published by the Climate Policy Initiative in April 2024, outlines a strategic agenda for Brazil to lead global climate finance discussions during its G20 presidency and leading up to COP30. It identifies systemic gaps in climate funding for emerging markets and proposes specific reforms to the international financial architecture, the implementation of national platforms for investment, and the integration of social justice and nature-based financing into the global economic discourse.

• Climate finance is currently insufficient and unevenly distributed, representing only 1% of global GDP, with the majority concentrated in China and developed economies. Emerging Markets and Developing Economies (EMDEs) are the most affected by climate change but receive the least funding and face fiscal and debt crises that limit their ability to leverage private capital.
• Brazil has a strategic window of leadership through its 2024 G20 presidency, its role in BRICS, and the hosting of COP30 in 2025. The report suggests Brazil lead the consensus on new Nationally Determined Contributions (NDCs) that are aligned with the 1.5ºC goal and implemented via national platforms.
• The report recommends that Brazil push for reforms in the international financial architecture, specifically targeting Multilateral Development Banks (MDBs) and the International Monetary Fund (IMF). Proposed IMF reforms include revising its role in evaluating fiscal exposure, improving rapid response measures, and updating its operational model for faster disbursement of funds to vulnerable countries.
• National platforms are proposed as a way to coordinate government entities, international financial institutions, and private investors to turn NDCs into actionable investment plans. Brazil is encouraged to implement its own NDC and Ecological Transformation Plan through such a platform by early 2025 to serve as a global example.
• High capital costs in EMDEs hinder viable projects, necessitating risk management tools such as guarantees to mobilize private investment. The G20 is seen as a venue to ensure risk rating agencies do not penalize countries that prioritize the phase-out of fossil fuels and climate action.
• The report emphasizes the need for a dedicated focus on climate adaptation finance, which is currently dominated by public funding and remains a small fraction of total climate flows. It suggests the G20, which has not previously focused on adaptation, should now include it in its agenda.
• Brazil is encouraged to promote 'nature financing' and the bioeconomy, leveraging its position in the Amazon biome and its potential for carbon sinks through reforestation. This includes exploring carbon markets and nature-based solutions.
• The report suggests that Brazil propose a 'cost of inaction' analysis for G20 members to quantify economic losses from climate disasters and estimate future losses. This would help justify the mobilization of resources by highlighting vulnerabilities in fiscal stability and capital costs.

APA

Buchner, B., de Miranda, G., & Netto, M. (2024). Fortalecimento da Implementação do Financiamento Climático: O Caminho do Brasil na Presidência do G20 à COP30. Climate Policy Initiative. https://www.climatepolicyinitiative.org/wp-content/uploads/2024/04/Fortalecimento-da-Implementacao-do-Fin.-Climatico-1.pdf

Chicago

Buchner, Barbara, Giovanna de Miranda, and Maria Netto. Fortalecimento da Implementação do Financiamento Climático: O Caminho do Brasil na Presidência do G20 à COP30. Climate Policy Initiative, 2024. https://www.climatepolicyinitiative.org/wp-content/uploads/2024/04/Fortalecimento-da-Implementacao-do-Fin.-Climatico-1.pdf.

Wikipedia

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BibTeX

@techreport{buchner2024fortalecimento, author = {Buchner, Barbara and de Miranda, Giovanna and Netto, Maria}, title = {{Fortalecimento da Implementação do Financiamento Climático: O Caminho do Brasil na Presidência do G20 à COP30}}, institution = {Climate Policy Initiative}, year = {2024}, month = apr, url = {https://www.climatepolicyinitiative.org/wp-content/uploads/2024/04/Fortalecimento-da-Implementacao-do-Fin.-Climatico-1.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }