International Climate Finance Tracking for Brazil

International climate finance for Brazil grew by 84% between the 2019–2020 and 2021–2022 biennia, reaching an average of US$ 5.1 billion per year. This growth was primarily driven by the energy sector, specifically solar and wind power, and was characterized by a shift toward commercial financing instruments. While Western Europe, led by France, was the largest regional provider, the AFOLU sector—responsible for most of Brazil's GHG emissions—received only 11% of the total finance. Public institutions provided 58% of the funds, with multilateral development finance institutions (DFIs) playing a dominant role, while private finance grew fourfold to reach 42% of the total.

• International climate finance for Brazil increased by 84% between the 2019–2020 and 2021–2022 periods, reaching an average of US$ 5.1 billion per year. This growth rate significantly exceeded the global average increase of 28% for the same period.
• The energy sector was the primary driver of growth, accounting for 53% (US$ 2.7 billion/year) of tracked resources in 2021–2022 and 72% of the total increase in international finance. Solar power generation was the largest subsector, attracting US$ 1.5 billion/year, followed by wind power at US$ 638 million/year.
• Despite being responsible for nearly three-quarters of Brazil's greenhouse gas emissions, the Agriculture, Forestry, Other Land Uses, and Fisheries (AFOLU) sector received only 11% (US$ 559 million/year) of international climate finance in 2021–2022. The forestry subsector specifically received only 2% of total international finance.
• Western Europe was the leading regional provider, contributing 50% (US$ 2.6 billion/year) of tracked resources, with France being the single largest country source at 13% (US$ 674 million/year). Other significant contributors included Spain (10%), the United Kingdom (9%), and the United States (9%).
• There was a marked shift toward commercial financing; commercial instruments (debt and equity) represented 89% (US$ 4.5 billion/year) of flows in 2021–2022, a 168% increase from 2019–2020. Conversely, funding from grants and concessional debt decreased by 43% during the same period.
• Public institutions provided 58% (US$ 2.9 billion/year) of the finance, with Multilateral Development Finance Institutions (DFIs) mobilizing 71% of that public total. Private international climate finance grew fourfold to reach 42% (US$ 2.1 billion/year) of the total tracked in 2021–2022.
• Finance was heavily skewed toward mitigation, which accounted for 80% (US$ 4.1 billion/year) of the total tracked in 2021–2022. Exclusive adaptation finance represented only 5% (US$ 258 million/year) of flows, with the water and sanitation sector receiving 41% of those specific funds.

APA

Climate Policy Initiative (2025). International Climate Finance Tracking for Brazil. https://www.climatepolicyinitiative.org/publication/international-climate-finance-tracking-for-brazil/

Chicago

Climate Policy Initiative. International Climate Finance Tracking for Brazil. 2025. https://www.climatepolicyinitiative.org/publication/international-climate-finance-tracking-for-brazil/.

Wikipedia

{{cite report |author=Climate Policy Initiative |title=International Climate Finance Tracking for Brazil |date=5 August 2025 |url=https://www.climatepolicyinitiative.org/publication/international-climate-finance-tracking-for-brazil/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatepolicyinitiative2025international, author = {{Climate Policy Initiative}}, title = {{International Climate Finance Tracking for Brazil}}, institution = {Climate Policy Initiative}, year = {2025}, month = aug, url = {https://www.climatepolicyinitiative.org/publication/international-climate-finance-tracking-for-brazil/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }