Brazil allocated 2,90 million dollars to combat climate change
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Published at: 14/03/2024 03:49 PM
This Thursday, through the state
National Bank for Economic and Social Development (BNDES), the Government of Brazil approved
the project of the new Climate Fund, which will have 10,400 million
reais, equivalent to 2,90 million dollars to finance
measures to combat climate change.
“The new Climate Fund is an
example of the confluence of the three major Government initiatives. There is urban
mobility, there is greener industry and there is forest recovery and
investment in renewable energy, which are in the Ecological Transition Plan,”
said
Nelson Barbosa, director of Project Planning and Structuring at BNDES, in a press release.
In this regard, he explained that part of
the funds, according to the BNDES, come from raising 2 billion
dollars abroad with sustainable sovereign bonds launched by the Ministry of Finance.
The bonds were intended to help finance actions
to preserve the environment, mitigate climate change and
conservation, according to the Xinhua press release.
Mazo News Team