Brazil to review a $54 billion infrastructure portfolio in line with international green standards
Since 11 months
Brazil’s Minister of Infrastructure, Tarcísio Gomes de Freitas, has signed a Memorandum of Understanding with the Climate Bonds Initiative to leverage investments in green infrastructure projects via green bonds. The initial focus of the Brazilian government will be the certification of railroad projects, followed by a review of the wider portfolio. It is worth noting that the Ministry of Infrastructure portfolio foresees at least an amount of $54 billion in investments by 2022, while in Brazil there has been a total of $5.6 billion in issuances so far. According to CBI, currently the global green bond market is over $694 billion.
In addition, Brazil has one the largest green infrastructure pipelines in the world and the certification of these projects and assets is the first step in making them visible to the international investor and providing them with attractive new alternatives in the market.
Source: Climate Bonds Initiative. Posted: Sep 17, 2019.
The Development Bank of Minas Gerais (BDMG) is preparing to raise about $100 million in green bonds, with support from the Inter-American Development Bank (IDB)
The BDMG presents on Tuesday a framework, document that details the the scope of companies or projects that can be targeted for funding, a preview of the funding itself, which should be released in the coming months. ...
BNDES Energy Efficiency Fund will receive a contribution of R$30million from the Procel
Resources reduce the risk of default assumed by lenders FGEnergia should leverage with a guarantee R$ 200 million to projects in the country.
Rocky Mountain Institute partners with top banks to deliver new Center for Climate-Aligned Finance
Four of the world’s largest banks – Wells Fargo, Goldman Sachs, JPMorgan Chase, and Bank of America – have teamed up with leading US environmental non-profit The Rocky Mountain Institute (RMI) to launch a new Center f...