Panorama de Financiamento Climático para Uso da Terra no Brasil

The report provides a comprehensive mapping of climate finance for land use in Brazil from 2015 to 2020, identifying an average annual flow of R$ 25.1 billion. It details the roles of domestic and international sources, the prevalence of rural credit as a primary instrument, and the distribution of funds across sectors such as agriculture and forestry. The analysis highlights a significant growth in thematic bonds and a heavy reliance on domestic private resources mobilized by public policies, while noting gaps in international funding and transparency regarding final beneficiaries.

• Climate finance for land use in Brazil averaged R$ 25.1 billion per year between 2015 and 2020, experiencing a 65% increase from R$ 22.1 billion in 2015 to R$ 36.5 billion in 2020.
• Domestic sources provided 95% of the climate finance (R$ 23.8 billion/year), with two-thirds of this domestic funding (R$ 15.9 billion/year) coming from private resources, largely due to public policy requirements for financial institutions to direct funds toward rural credit.
• International resources accounted for only 5% of the total flows (R$ 1.3 billion/year), primarily from public sources such as international governments, climate funds, and multilateral development banks, mostly delivered as grants.
• Rural credit is the dominant financial instrument, channeling R$ 12.0 billion/year (48% of mapped flows), although this represents only 8% of the total annual volume of rural credit for investment, industrialization, and maintenance purposes.
• Thematic bonds grew significantly, increasing from R$ 2.3 billion in 2015 to R$ 8.6 billion in 2020, averaging R$ 4.0 billion/year (16% of total finance), with most emissions occurring via Brazilian companies abroad.
• Public budget expenditures averaged R$ 2.8 billion/year (11% of total), primarily supporting the forestry sector (R$ 2.1 billion/year). However, these expenditures saw a real decrease of 39%, falling from R$ 3.3 billion in 2015 to R$ 2.0 billion in 2020.
• Agriculture was the largest recipient of climate finance, receiving R$ 15.1 billion/year (60%), followed by forests (R$ 6.3 billion/year or 25%), livestock (R$ 2.0 billion/year or 8%), and bioenergy/fuels (R$ 1.3 billion/year or 5%).
• Mitigation efforts received the majority of funding at R$ 17.1 billion/year (68%), while adaptation received R$ 4.7 billion/year (19%), and flows serving both objectives totaled R$ 3.3 billion/year (13%).
• The Amazon Fund is the primary international climate fund for land use in Brazil, but its average annual project approval of R$ 183 million represents only 0.7% of the total mapped climate finance for land use in the country.
• Agricultural risk management instruments, the main tool for climate adaptation, totaled R$ 4.0 billion/year, with rural insurance being the most significant component at R$ 2.4 billion/year.

APA

Chiavari, J., Coser, G., Florias, R., & Souza, P. (2023). Panorama de Financiamento Climático para Uso da Terra no Brasil. Climate Policy Initiative. https://www.climatepolicyinitiative.org/wp-content/uploads/2023/09/Panorama-de-Financiamento-Climatico-para-Uso-da-Terra-no-Brasil.pdf

Chicago

Chiavari, Joana, Gabriela Coser, Renan Florias, and Priscila Souza. Panorama de Financiamento Climático para Uso da Terra no Brasil. Climate Policy Initiative, 2023. https://www.climatepolicyinitiative.org/wp-content/uploads/2023/09/Panorama-de-Financiamento-Climatico-para-Uso-da-Terra-no-Brasil.pdf.

Wikipedia

{{cite report |last1=Chiavari |first1=Joana |last2=Coser |first2=Gabriela |last3=Florias |first3=Renan |last4=Souza |first4=Priscila |title=Panorama de Financiamento Climático para Uso da Terra no Brasil |publisher=Climate Policy Initiative |date=September 2023 |url=https://www.climatepolicyinitiative.org/wp-content/uploads/2023/09/Panorama-de-Financiamento-Climatico-para-Uso-da-Terra-no-Brasil.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{chiavari2023panorama, author = {Chiavari, Joana and Coser, Gabriela and Florias, Renan and Souza, Priscila}, title = {{Panorama de Financiamento Climático para Uso da Terra no Brasil}}, institution = {Climate Policy Initiative}, year = {2023}, month = sep, url = {https://www.climatepolicyinitiative.org/wp-content/uploads/2023/09/Panorama-de-Financiamento-Climatico-para-Uso-da-Terra-no-Brasil.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }