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How Will Green Bonds Speed Brazil’s Energy Transition?

Brazil is preparing to issue billions of dollars worth of sustainable sovereign bonds. The finance ministry hopes the proposed tender will bring in funds to spend on solar and wind power, Mark S. Langevin writes below. // File Photo: Brazilian Government.

Brazil is preparing to issue billions of dollars worth of sustainable sovereign bonds in September, a senior finance ministry official said on Aug. 24. The bonds are part of President Luiz Inácio Lula da Silva’s efforts to improve Brazil’s environmental record. What will be their regulatory framework and return rate? What initiatives will the bonds help finance, and how will they support the country’s green energy transition?

Mark S. Langevin, senior advisor at Horizon Engage: “The announced sustainable bond tender mirrors last month’s rollout of the New Growth Acceleration Program (Novo PAC), but with a greater focus on achieving the United Nations’ Sustainable Development Goals in Brazil. President Lula has reasserted Brazil’s standing in global environmental governance by rapidly curbing deforestation, rebooting the Amazon and Climate Funds, and securing the right to host the United Nations Climate Conference in 2025 (COP30). Also, the timing of the bond offer dovetails with the finance ministry’s so-called ecological transition program, which aims to wrap new spending programs around a broader low-carbon development push, including the Amazon Fund’s recent disbursement of $120 million for Amazon cities to curb deforestation and fight forest fires. The finance ministry hopes the proposed tender will bring in $2 billion to spend on solar and wind power, biofuel and sustainable aviation fuel production and co-generation, green hydrogen, electrification of public transport, energy efficiency programs and sustainable extractive activities in the Amazon. Ministry officials have confirmed that…”

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Brazil Outlines Green Sovereign Bonds Plan

The Brazilian government on Tuesday outlined its plans for its first sustainable sovereign bond issuance that will fund environmental projects and social spending, Treasury Secretary Rogério Ceron told Reuters. // File Photo: Brazilian Government.
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A sister publication of the Inter-American Dialogue’s daily Latin America Advisor, the weekly Energy Advisor captures fresh analysis from business leaders and government officials on the most important developments in oil and gas, biofuels, the power sector, renewables, new technologies, and the policy debates shaping the future of energy in the Western Hemisphere and beyond. To subscribe or for more information, contact Gene Kuleta, editor of the Advisor, at

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