Welcome to the Brazil Green Finance Programme website
The main objective of the Brazil BGFP is to boost investment in sustainable infrastructure to support Brazil’s economic development towards a just transition. This will be achieved by contributing to Brazil’s low carbon infrastructure transition and supporting the achievement of its Nationally Determined Contributions (NDC’s), post-2020 climate actions under the Paris Agreement.
An estimated $5 trillion per year until 2040 will be needed to invest in global infrastructure.
The current pathway for infrastructure investments is locking us into a carbon intensive future.
To continue with the business as usual approach means maintaining investments in conventional carbon intensive technologies.
Brazil is the 7th largest greenhouse gas (GHG) emitter
Global efforts to address climate change depend upon Brazil’s ability to fulfill its ambitious COP21 targets of cutting 37% of GHG emissions by 2025.
According to the Intergovernmental Panel on Climate Change (IPCC), average temperatures are forecast to rise by 4 degrees Celsius by 2100. This could result in unprecedented heat waves, severe droughts and major floods.
Global Infrastructure Gap (2016-2040)
Current investment trajectory
source: Global Infrastructure Hub
Brazil ranks poorly in the quality of its infrastructure when compared to the annual average of investments in other developing countries since 2000. As a result, the Global Infrastructure Hub forecasts an investment of USD 1,15 trillion between 2015 - 2040 if the country is to match its best performing peers.
This forecast includes conventional infrastructure or carbon intensive investments. The Brazil’s Green Infrastructure Market Assessment developed by the Brazil Green Finance Programme team projected an investment need in Brazil’s green infrastructure of BRL 3.6 trillion – BRL 3.8 trillion (~GBP 570-600 billion) between 2020 and 2040.
Developing Countries Infrastructure spending as a % of GDP
recommended by World Bank
At the 3rd UK-Brazil Economic and Financial Dialogue (EFD) held in London on 8 August 2018, the UK’s Chancellor of the Exchequer and the Finance Minister of Brazil recognised the importance of efforts to grow the global green finance market and the key role that multilateral cooperation plays in driving this agenda.
Brazil Green Finance Programme
The Green Finance Prosperity Fund Programme reinforces the opportunity to further widen bilateral cooperation between the UK and Brazil on green finance. Both sides recognise the opportunity to strengthen Brazil’s green finance market and facilitate capital flows that meet Brazil’s long-term sustainable infrastructure needs.