Panorama de Financiamento Climático para Uso da Terra no Brasil 2021-2023

Climate finance for land use in Brazil averaged R$ 88.1 billion annually from 2021 to 2023, a 145% increase over the 2015-2020 period. Domestic sources provided 97% of these funds, with rural credit serving as the primary instrument (58% of total flows). While mitigation remains the dominant climate use (57%), there was a significant surge in 'loss and damage' payments, which grew 357% between 2021 and 2023 due to government indemnities for extreme weather events. The report highlights a heavy reliance on self-declared sustainable practices in rural credit and a decline in thematic bonds, while noting the critical role of the federal budget in supporting native forests.

• Climate finance for land use in Brazil grew significantly, averaging R$ 88.1 billion per year between 2021 and 2023, which is a 145% increase compared to the R$ 36.0 billion annual average from 2015 to 2020.
• Domestic financing is the primary driver of the climate agenda in the land use sector, accounting for 97% of mapped resources (R$ 85.3 billion/year), with private sources representing 72% of that domestic total.
• Rural credit is the most used financial instrument, channeling R$ 50.8 billion annually (58% of total flows), though this represents only 15.5% of all rural credit operations in Brazil during the period.
• A significant portion of the growth in 'climate' rural credit is attributed to changes in data registration and self-declaration of sustainable practices, specifically 'no-till' (plantio direto), rather than new sustainable adoptions.
• Expenditures on climate loss and damage saw a massive increase of 357% between 2021 (R$ 2.2 billion) and 2023 (R$ 9.9 billion), primarily driven by federal government indemnities through Proagro.
• The native forest sector depends heavily on the federal public budget, which provided 67% of its flows (R$ 2.1 billion/year), although administrative budgets for agencies like Ibama, ICMBio, and Funai remained stagnant.
• Thematic bonds, which averaged R$ 12.9 billion annually, experienced a sharp decline in the land use sector, dropping from R$ 22.1 billion in 2021 to R$ 2.5 billion in 2023.
• International flows represented only 3% of the total (R$ 2.9 billion/year), with multilateral development banks (IDB and World Bank) providing 60% of these funds.
• The Amazon Fund resumed activities in 2023 after a hiatus from 2019-2022, approving five projects totaling R$ 132 million and announcing R$ 3.1 billion in new donations.

APA

Chiavari, J., Souza, P., Motta, M., Florias, R., & Minsky, E. (2024). Panorama de Financiamento Climático para Uso da Terra no Brasil 2021-2023. Climate Policy Initiative. https://www.climatepolicyinitiative.org/wp-content/uploads/2024/11/Panorama-de-Financiamento-Climatico-para-Uso-da-Terra-no-Brasil-2021-2023.pdf

Chicago

Chiavari, Joana, Priscila Souza, Miguel Motta, Renan Florias, and Eduardo Minsky. Panorama de Financiamento Climático para Uso da Terra no Brasil 2021-2023. Climate Policy Initiative, 2024. https://www.climatepolicyinitiative.org/wp-content/uploads/2024/11/Panorama-de-Financiamento-Climatico-para-Uso-da-Terra-no-Brasil-2021-2023.pdf.

Wikipedia

{{cite report |last1=Chiavari |first1=Joana |last2=Souza |first2=Priscila |last3=Motta |first3=Miguel |last4=Florias |first4=Renan |last5=Minsky |first5=Eduardo |title=Panorama de Financiamento Climático para Uso da Terra no Brasil 2021-2023 |publisher=Climate Policy Initiative |date=October 2024 |url=https://www.climatepolicyinitiative.org/wp-content/uploads/2024/11/Panorama-de-Financiamento-Climatico-para-Uso-da-Terra-no-Brasil-2021-2023.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{chiavari2024panorama, author = {Chiavari, Joana and Souza, Priscila and Motta, Miguel and Florias, Renan and Minsky, Eduardo}, title = {{Panorama de Financiamento Climático para Uso da Terra no Brasil 2021-2023}}, institution = {Climate Policy Initiative}, year = {2024}, month = oct, url = {https://www.climatepolicyinitiative.org/wp-content/uploads/2024/11/Panorama-de-Financiamento-Climatico-para-Uso-da-Terra-no-Brasil-2021-2023.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }