Brazil to review a $54 billion infrastructure portfolio in line with international green standards
09/20/2019 Since 1 year
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.
This post is also available in:
Chile’s Energy Efficiency Law was approved
The Energy Efficiency Law aims to make rational and efficient use of resources. It covers the three sectors that account for most of the country's energy consumption: transport (37%); industry and mining (40%) and the...
With support from the IDB Group, BDMG makes its debut on the international sustainable securities market
IDB Invest, a member of the IDB Group, announced the acquisition of a seven-year $50 million sustainable bond issued by Banco de Desenvolvimento de Minas Gerais S.A. (BDMG). The operation consolidates BDMG as the firs...
IDB Invest and IFC share system to help Latin American financial institutions measure climate impact
IDB Invest, a member of the Inter-American Development Bank Group, and IFC, a member of the World Bank Group, have agreed to share the Climate Assessment for Financial Institutions tool or CAFI, IFC’s first-of-its-kin...