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This report by the Climate Policy Initiative (CPI/PUC-Rio) analyzes the financing of sustainable agriculture in the Brazilian Cerrado, with a specific focus on the Matopiba region. It evaluates the effectiveness of subsidized rural credit and innovative blended finance mechanisms in aligning agricultural production with zero-deforestation and sustainability goals.

This report by Climate Policy Initiative/Pontifical Catholic University of Rio de Janeiro (CPI/PUC-RIO) analyzes the financial architecture supporting agriculture in Brazil's Cerrado biome, with a specific focus on the MATOPIBA region. It evaluates the effectiveness of subsidized rural credit and emerging blended-finance instruments in aligning agricultural production with zero-deforestation and sustainability goals.

This executive summary by the Climate Policy Initiative (CPI/PUC-Rio) analyzes agricultural financing in the Cerrado biome and the Matopiba region. It finds that while financial flows are significant, the current architecture fails to align with sustainability and zero-deforestation goals due to high concentration among large producers and institutions, limited scale of sustainable credit, and insufficient territorial coverage.

This policy brief by the Climate Policy Initiative/Pontifícia Universidade Católica do Rio de Janeiro (CPI/PUC-Rio) presents 13 proposals to increase the sustainability of Brazil's 2025/2026 Harvest Plan (Plano Safra). The recommendations focus on aligning rural credit and risk management with climate goals, specifically by restricting credit for deforestation, integrating the Brazilian Sustainable Taxonomy, improving pasture recovery monitoring, and expanding credit access for vulnerable small-scale producers.

This research paper by the Climate Policy Initiative and PUC-RIO analyzes the link between subsidized rural credit and deforestation in Brazil from 2020 to 2024. The study finds that a significant portion of public funds is channeled to properties with histories of deforestation, highlighting a misalignment between financial incentives and Brazil's environmental goals.

This report by the Climate Policy Initiative (CPI/PUC-Rio) analyzes the relationship between subsidized rural credit and deforestation in Brazil between 2020 and 2024. It finds that a significant portion of public funds is directed toward properties with a history of deforestation, highlighting a gap between the sustainability policies of financial institutions and their actual lending portfolios.

This research paper analyzes the policies and financial mechanisms used to promote low-carbon agriculture in Brazil, focusing on the transition from the original ABC Plan to the more ambitious ABC+ Plan (RenovAgro). It examines the role of rural credit, the impact of new sustainability requirements introduced in 2023, and the challenges of monitoring technology adoption to ensure climate resilience.

This report by the Climate Policy Initiative (CPI/PUC-RIO) analyzes climate finance for land use in Brazil from 2021 to 2023, focusing on agriculture and forests. It identifies a significant increase in annual average flows to US$ 17.1 billion, driven primarily by domestic private resources and rural credit. The document details the roles of various financial instruments, the impact of public policies like the Agricultural Plan and RENOVABIO, and the distribution of funds across mitigation, adaptation, and loss and damage objectives.

The report 'Panorama de Financiamento Climático para Uso da Terra no Brasil 2021-2023' by the Climate Policy Initiative (CPI/PUC-Rio) analyzes financial flows directed toward agriculture and forests aligned with climate goals in Brazil. It finds a significant increase in annual climate finance for land use, reaching an average of R$ 88.1 billion between 2021 and 2023, driven largely by rural credit and domestic private sources. The document details the instruments used, the sectors benefited, and the specific climate uses (mitigation, adaptation, and loss and damage), while highlighting gaps in transparency and the need for more rigorous verification of sustainable practices.

This report by the Climate Policy Initiative evaluates the effectiveness of Brazil's ABC Recuperação credit line in recovering degraded pastures, focusing on the Cerrado biome. Using satellite imagery and econometric analysis of operations between 2016 and 2018, the study finds that the credit's impact on pasture recovery is modest, with severe degradation remaining largely unchanged and some pasture being converted to crops rather than recovered. The report highlights the critical role of technical assistance and soil type in achieving results and suggests that the program contributed minimally to the ABC Plan's 2020 recovery targets.

This policy brief by the Climate Policy Initiative (CPI/PUC-RIO) examines the link between subsidized rural credit and deforestation in Brazil between 2020 and 2022. The analysis reveals that a small number of large properties receive a disproportionate share of subsidized funds while being responsible for significant deforestation, suggesting that current economic incentives are misaligned with Brazil's environmental and climate goals.

This report by the Climate Policy Initiative (CPI) analyzes the regulatory framework of the Central Bank of Brazil (BCB) aimed at combating deforestation and ecosystem conversion. It details the BCB's transition toward sustainable finance through the 'Agenda BC#', specifically focusing on the integration of social, environmental, and climate risks into the National Financial System (SFN) and the implementation of strict environmental requirements for rural credit.

This report by the Climate Policy Initiative (CPI) analyzes the regulatory efforts of the Central Bank of Brazil (BCB) to combat deforestation and ecosystem conversion. It details the BCB's integration of sustainability into its 'BC# Agenda', the implementation of social, environmental, and climate risk management for financial institutions, and specific restrictions on rural credit for non-compliant producers. The document also provides context on the drivers of land-use change in the Amazon and Cerrado biomes and offers policy recommendations to further align the national financial system with environmental conservation goals.

This report by the Climate Policy Initiative (CPI/PUC-Rio) provides a comprehensive mapping of climate finance flows for land use in Brazil from 2015 to 2020. It quantifies resources directed toward agriculture and forests aligned with mitigation and adaptation goals, identifying sources, disbursement channels, financial instruments, and sectors. The analysis reveals a heavy reliance on domestic resources and public policy-driven private credit, while highlighting significant gaps in international funding and transparency regarding private sector investments.

This briefing by the Climate Policy Initiative (CPI) analyzes how amendments to Provisional Measure (MP) nº 1150/2022, approved by the Brazilian Senate on May 16, 2023, could undermine the alignment of the financial system with sustainability and the fight against deforestation. The document argues that the proposed text restricts the ability of financial institutions to deny credit based on environmental law violations and mandates reliance on official government data, which may be unreliable or outdated compared to scientific tools like MapBiomas.

This technical note by the Climate Policy Initiative (CPI/PUC-Rio) and Agroicone presents proposals to integrate sustainability into Brazil's Plano Safra 2023/24. The document advocates for aligning rural credit and insurance with climate goals, specifically by increasing funding for low-carbon agriculture programs, improving risk management through climate zoning, and redirecting constitutional funds toward small-scale producers and sustainable practices.

This policy brief evaluates the impact of rural credit provided by the Brazilian National Development Bank (BNDES) for the purchase of farming machinery and equipment between 2005 and 2019. The study finds that such credit increases agricultural productivity and stimulates production without increasing deforestation, often by replacing pasture areas with more productive cropland. The effects are most pronounced in municipalities with high labor intensity and when credit is used for labor-saving equipment.

This policy brief by the Climate Policy Initiative analyzes the rural credit market in the Brazilian Cerrado biome, highlighting a concentration of financial flows toward large-scale producers and soy production, while noting a scarcity of credit for small and medium-sized family farmers.

This policy brief by the Climate Policy Initiative analyzes the specific characteristics of rural credit in the Brazilian Amazon biome, highlighting a heavy reliance on cattle production, limited access to credit compared to other Brazilian regions, and a lack of competition among financial institutions. The analysis suggests that these financial structures contribute to extensive land use and deforestation, advocating for a credit system better aligned with the Forest Code and sustainability indicators.

This report by the Climate Policy Initiative (CPI/PUC-Rio) analyzes rural credit in the Brazilian Amazon, identifying six specific patterns that distinguish it from the rest of Brazil. The analysis highlights limited credit access, a heavy reliance on public banks, and a predominance of livestock financing, which the authors link to extensive land use and deforestation.