WORKSHOP: CLIMATE FINANCE AND BANKS IN BRAZIL

The World Resources Institute (WRI) hosted a workshop on 3 September 2014 in São Paulo, Brazil, to discuss the role of public and private financial institutions in scaling up climate finance. The event focused on the opportunities provided by international funds like the Green Climate Fund (GCF) and Climate Investment Funds (CIFs), as well as the use of innovative financial instruments to mitigate risks and overcome barriers to low-carbon investments in Brazil.

• A lack of long-term strategic vision from the Brazilian government is a primary constraint on low-carbon investments. Participants argued that the government does not work strategically on the green economy and needs to reform fiscal policy and regulatory instruments to provide clear signals to private investors.
• Private sector financial institutions face significant non-financial barriers, including cultural and organizational factors. High transaction costs and performance targets focused on 'business-as-usual' goals often prevent these institutions from supporting non-traditional green investments.
• The Green Climate Fund (GCF) aims to promote a paradigm shift by supporting impactful projects that would otherwise be unfeasible. It emphasizes a balance between adaptation and mitigation, with a goal that at least 50% of adaptation funding be spent in countries particularly vulnerable to climate change.
• The Clean Technology Fund (CTF), part of the CIFs, focuses on renewable energy, sustainable transportation, and energy efficiency. It uses concessional loans and grants to leverage private sector resources, with private participation in some of its largest projects ranging from 11.9% to 78.0%.
• Blending concessional funds, private resources, and risk mitigation instruments can overcome financial barriers. Examples from Mexico and Colombia demonstrate that customized financial products and engaging different actors based on the project stage can attract investors.
• In Brazil, the BNDES (National Bank for Economic and Social Development) is identified as a key institution that provides a competitive advantage through the availability of concessional resources and should be central to dialogues on innovative financial structures.

APA

World Resources Institute (2014). WORKSHOP: CLIMATE FINANCE AND BANKS IN BRAZIL. https://wriorg.s3.amazonaws.com/s3fs-public/uploads/Summary_WSClimateFinance_0.pdf

Chicago

World Resources Institute. WORKSHOP: CLIMATE FINANCE AND BANKS IN BRAZIL. 2014. https://wriorg.s3.amazonaws.com/s3fs-public/uploads/Summary_WSClimateFinance_0.pdf.

Wikipedia

{{cite report |author=World Resources Institute |title=WORKSHOP: CLIMATE FINANCE AND BANKS IN BRAZIL |date=3 September 2014 |url=https://wriorg.s3.amazonaws.com/s3fs-public/uploads/Summary_WSClimateFinance_0.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{worldresourcesinstitute2014workshop, author = {{World Resources Institute}}, title = {{WORKSHOP: CLIMATE FINANCE AND BANKS IN BRAZIL}}, institution = {World Resources Institute}, year = {2014}, month = sep, url = {https://wriorg.s3.amazonaws.com/s3fs-public/uploads/Summary_WSClimateFinance_0.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }