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Brazil has R$160bn for low-carbon economy, Marina Silva says
Environment and Climate Change Minister Marina Silva said on Tuesday that Brazil has more than R$160 billion in funding to support its transition to a low-carbon economy. The resources have been raised through a range of financing mechanisms and are earmarked for projects spanning renewable energy, clean transportation, green industry, and reforestation.
The total includes R$27.5 billion allocated to the Climate Fund’s 2026 budget, approved by its governing committee last week.
“The fund used to have R$400 million [in its previous budget], and [Finance Minister] Fernando Haddad and I came up with the idea of turning it into something that, with a guarantee mechanism, could raise funds in the market. We announced that it has gone from R$400 million to R$27 billion approved last week. And when we combine the Climate Fund with EcoInvest, we already have more than R$160 billion for the ecological transformation plan,” the minister said at the opening of the Technical-Scientific Congress on Organic Agriculture in Campinas, São Paulo state.
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