| Implementing partner: WayCarbon |
| Consortium Partners: WRI Brazil |
| Implementation period: January 2025 - December 2026 |
Brazil's commitment to the Paris Agreement requires a fast shift towards industrial decarbonisation, as this sector is crucial for the country to achieve its climate goals. Brazil’s leadership in the G20, BRICS, and upcoming COP30 in Belém strengthen the country’s ability to influence global climate policy, while implementing robust domestic policies, such as the New Industry Brazil, Ecological Transformation Plan or the National Climate Plan and its sector-specific emissions targets.
To achieve these ambitious goals it is needed to close the significant climate finance gap by mobilising national and international funds, establishing effective financial mechanisms, and aligning industrial decarbonisation needs with accessible financing.
Differences in socio-economic and environmental conditions across different regions and industrial sectors impact access to credit and the efficient utilization of climate finance. These obstacles hinder Brazil's capacity to expand industrial decarbonization, underscoring the necessity for customized strategies and capacity-building initiatives to effectively address these challenges.
Also, limited access to suitable and affordable financing options further restricts the adoption of decarbonisation technologies in Brazil. Another challenge is related to policy and regulatory frameworks in place, which can be improved to increase the mobilisation of climate finance and the implementation of decarbonisation projects by the Brazilian industrial sector.
