International Climate Finance Tracking for Brazil

International climate finance for Brazil averaged US$ 5.1 billion per year in 2021–2022, an 84% increase from the 2019–2020 period. This growth was primarily driven by the energy sector, particularly solar and wind power, and a significant rise in private capital from commercial financial institutions. While Western Europe was the largest regional provider, the report highlights a stark imbalance in sectoral allocation: the AFOLU sector, responsible for most of Brazil's GHG emissions, received only 11% of total finance. The majority of funds were earmarked for mitigation (80%) and delivered via commercial debt and equity, while grants and concessional finance declined by 43%.

• International climate finance for Brazil averaged US$ 5.1 billion per year during the 2021–2022 period, representing an 84% increase (US$ 2.2 billion/year) compared to the 2019–2020 biennium.
• Western Europe was the primary regional source of climate finance for Brazil in 2021–2022, providing 50% of tracked resources (US$ 2.6 billion/year), with France being the single largest country contributor at 13% (US$ 674 million/year).
• Public institutions provided 58% of international climate finance (US$ 2.9 billion/year) in 2021–2022, with Multilateral Development Finance Institutions (DFIs) mobilizing 71% of that public finance, mostly through commercial-rate credit.
• Private international climate finance grew fourfold between 2019–2020 and 2021–2022, reaching 42% of the total tracked (US$ 2.1 billion/year), led by commercial financial institutions and corporations.
• Commercial financing instruments (debt and equity) dominated the landscape, accounting for 89% (US$ 4.5 billion/year) of flows in 2021–2022, while grants and concessional debt decreased by 43% compared to 2019–2020.
• Climate mitigation was the primary objective for 80% of the tracked finance (US$ 4.1 billion/year) in 2021–2022, while exclusive adaptation finance accounted for only 5% (US$ 258 million/year).
• The energy sector was the largest recipient, accounting for 53% (US$ 2.7 billion/year) of resources in 2021–2022, with solar generation (57%) and wind generation (24%) as the primary subsectors.
• Despite being responsible for nearly 75% of Brazil's GHG emissions, the AFOLU sector received only 11% (US$ 559 million/year) of international climate finance in 2021–2022, with forestry representing only 2% of total international finance.
• The transport sector received US$ 558 million/year in 2021–2022, with 94% of these flows concentrated in two São Paulo metro projects: Line 6 (via PPP) and Line 2 (via CAF debt).
• Water and sanitation accounted for 5% (US$ 253 million/year) of international climate finance in 2021–2022, with 65% of these flows contributing to climate adaptation.

APA

Chiavari, J., Motta, M., Fernandes, P., Minsky, E., & Vieira, A. (2025). International Climate Finance Tracking for Brazil. Climate Policy Initiative. https://www.climatepolicyinitiative.org/wp-content/uploads/2025/08/International-Climate-Finance-Tracking-for-Brazil.pdf

Chicago

Chiavari, Joana, Miguel Motta, Pedro Fernandes, Eduardo Minsky, and Arthur Vieira. International Climate Finance Tracking for Brazil. Climate Policy Initiative, 2025. https://www.climatepolicyinitiative.org/wp-content/uploads/2025/08/International-Climate-Finance-Tracking-for-Brazil.pdf.

Wikipedia

{{cite report |last1=Chiavari |first1=Joana |last2=Motta |first2=Miguel |last3=Fernandes |first3=Pedro |last4=Minsky |first4=Eduardo |last5=Vieira |first5=Arthur |title=International Climate Finance Tracking for Brazil |publisher=Climate Policy Initiative |date=August 2025 |url=https://www.climatepolicyinitiative.org/wp-content/uploads/2025/08/International-Climate-Finance-Tracking-for-Brazil.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{chiavari2025international, author = {Chiavari, Joana and Motta, Miguel and Fernandes, Pedro and Minsky, Eduardo and Vieira, Arthur}, title = {{International Climate Finance Tracking for Brazil}}, institution = {Climate Policy Initiative}, year = {2025}, month = aug, url = {https://www.climatepolicyinitiative.org/wp-content/uploads/2025/08/International-Climate-Finance-Tracking-for-Brazil.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }