Landscape of Climate Finance for Land Use in Brazil

Between 2015 and 2020, climate finance for land use in Brazil's financial market relied on thematic bonds, BNDES low-cost credit, and CBIOs. Thematic bonds averaged US$ 1.0 billion per year, primarily benefiting the forest sector, while BNDES provided US$ 242 million per year in low-cost credit, mostly for bioenergy. CBIOs, introduced via RenovaBio, saw US$ 126 million traded in 2020. Tracking these flows is hindered by a lack of standardized project-level disclosure in the private market.

• Thematic bonds were the most significant financial market instrument for land use climate finance from 2015 to 2020, averaging US$ 1.0 billion per year and representing 16% of tracked finance. The volume grew from US$ 685 million in 2015 to US$ 1.6 billion in 2020, with the forest sector receiving the most funding at US$ 678 million per year.
• BNDES is a central actor in Brazil's land use climate finance, providing US$ 386 million per year for rural credit operations and US$ 242 million per year in low-cost credit for companies. The latter primarily supported the bioenergy and fuel sector (US$ 155 million per year), often through BNDES FINEM. Additionally, BNDES manages the Amazon Fund, which approved an average of US$ 53 million in project finance annually between 2015 and 2020.

APA

Climate Policy Initiative (2023). Landscape of Climate Finance for Land Use in Brazil. https://www.climatepolicyinitiative.org/landscape-of-climate-finance-for-land-use-in-brazil-financial-market/

Chicago

Climate Policy Initiative. Landscape of Climate Finance for Land Use in Brazil. 2023. https://www.climatepolicyinitiative.org/landscape-of-climate-finance-for-land-use-in-brazil-financial-market/.

Wikipedia

{{cite report |author=Climate Policy Initiative |title=Landscape of Climate Finance for Land Use in Brazil |date=11 September 2023 |url=https://www.climatepolicyinitiative.org/landscape-of-climate-finance-for-land-use-in-brazil-financial-market/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatepolicyinitiative2023landscape, author = {{Climate Policy Initiative}}, title = {{Landscape of Climate Finance for Land Use in Brazil}}, institution = {Climate Policy Initiative}, year = {2023}, month = sep, url = {https://www.climatepolicyinitiative.org/landscape-of-climate-finance-for-land-use-in-brazil-financial-market/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }