By Brazil Stock Guide – Brazil’s state development bank BNDES said on Monday (Nov. 10) it received 45 proposals from investment funds for its Climate Mitigation Public Call, launched in September. The announcement took place at the BNDES Pavilion in the Green Zone of COP30, hosted in Belém, Pará.
According to a statement reported by Valor Econômico, the proposals include projects targeting industrial decarbonization, renewable energy transition, green agriculture technology, climate-resilient infrastructure, ecosystem restoration, and forest conservation. Together, the initiatives could mobilize BRL 73.7 billion (USD 13.2 billion) in sustainable investments, while requesting BRL 21 billion in potential financing from the bank.
Details of the investment call
The initiative is part of BNDESPar’s renewed strategy to support equity investments, with a total allocation of BRL 5 billion. The plan will invest in existing or newly created funds focused on decarbonization, renewable energy, and nature-based solutions.
Up to five equity funds will be selected, with BRL 4 billion in total commitments from BNDES. Three will fall under the Ecological Transformation Support category, focused on renewable energy, green agriculture, and industrial decarbonization. Two more will target Nature-Based Solutions, financing reforestation, sustainable forestry, regenerative silviculture, and biodiversity restoration.
The program may also select up to two additional funds, combining both strategies, with another BRL 1 billion in total (BRL 500 million per fund). The results of the selection process will be released in January 2026.
BNDES targets private capital mobilization
BNDES President Aloizio Mercadante said the bank aims to boost private investment in climate action. “The BNDES wants to be a protagonist in mobilizing private capital through market instruments to enable climate mitigation investments that are essential for Brazil to meet the Paris Agreement targets,” he said.
Currently, BNDESPar manages BRL 8.4 billion in committed capital. The new climate call could increase that figure by as much as 60%, strengthening the bank’s position as a leading player in Latin America’s green finance ecosystem.
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