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DECARBONIZATION FUND

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A fundamental step in addressing the global climate crisis is reducing carbon emissions from the burning of fossil fuels or the deforestation of natural areas. Created to advance this agenda in Brazil, the Decarbonization Fund was established in December 2024 through donations from the Ballmer Group, Sequoia Climate Foundation, and Agni, which contributed approximately US$6.4 million to the financial mechanism.

The Fund aims to support the country’s climate action by accelerating public policy development and the implementation of efforts proposed by federal and state governments, academia, and civil society. The mechanism’s ultimate goal is to enable Brazil to meet and even exceed the targets set out in its Nationally Determined Contribution (NDC), each country’s climate action plan to reduce greenhouse gas emissions, particularly carbon emissions. Alongside this, the Fund aims to invest in implementing the National Plan for Climate Change Mitigation and Adaptation and to contribute to the development of Sectoral Plans for decarbonization.

To achieve this, the mechanism focuses on five main areas of action: climate governance; climate change mitigation and adaptation; integration of climate, development, infrastructure, and social policies; climate and oceans; and international coordination for the implementation of Brazilian Climate Policy.

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Status

In Progress

Starting year

2025