BNDES receives an additional R$444 million to finance projects through the Climate Fund Program

The National Bank for Economic and Social Development (BNDES) received a new contribution of resources, worth R$444,1 million, to finance, through the Climate Fund Program, projects that contribute to the mitigation of climate change and adaptation to its effects. The operation is the result of an amendment to the Union's contract — represented by the Ministry of the Environment (MMA) — with BNDES that regulates the transfer of resources from the National Climate Change Fund (FNMC) to the Bank, the fund's financial agent.

The BNDES Climate Fund Program applies part of reimbursable resources from the FNMC. It has nine subprograms: Urban Mobility; Sustainable Cities and Climate Change; Efficient Machines and Equipment; Renewable energy; Solid Waste; Charcoal; Native Forests; Carbon Management and Services; and Innovative Projects. Financing is carried out both through the network of accredited financial institutions and directly by BNDES.

More information about the Climate Fund Program is available at: https://www.bndes.gov.br/wps/portal/site/home/financiamento/produto/fundo-clima.