By Brazil Stock Guide – Brazil’s development bank BNDES approved up to R$300 million ($56 million) for a large-scale reforestation strategy led by BTG Pactual Timberland Investment Group (BPAC11), seeking to restore degraded areas and expand the country’s pipeline of nature-based carbon credits. The plan aims to mobilize R$5 billion to recover 270,000 hectares across key Brazilian biomes.
The strategy combines native-forest protection with commercial replanting. It targets 135,000 hectares of native forests and savannas and another 135,000 hectares of FSC-certified plantations. Work is already under way on 12,000 hectares in the Cerrado, one of Brazil’s most threatened ecosystems. The program expects to create 40,000 hectares of connected habitat — a land area roughly a third the size of Rio de Janeiro — while supporting local jobs and income generation.
BNDES President Aloizio Mercadante said the bank is expanding its climate-related operations to accelerate Brazil’s ecological transition and stressed that coordination between public and private capital is essential for restoring critical biomes. The approval strengthens the commitments announced by BNDES at COP30 in Belém, where Brazil highlighted forest preservation and sustainable land use as pillars of its climate agenda. BTG Pactual CEO Roberto Sallouti said the investment marks a decisive step for the strategy and underscores the role of institutional capital in building the country’s emerging bioeconomy.
Carbon Market Implications
The initiative is positioned to generate a consistent supply of high-integrity carbon credits tied to restoration and conservation. Early biodiversity surveys have already identified more than 500 species of flora and fauna across the strategy’s properties, according to Conservation International, which advises the program on impact metrics. The group says the collaboration offers a replicable model for nature-based solutions that deliver measurable climate and community benefits.
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