📋 Tender Overview
Climate Investment Funds (CIF) invited Brazil to prepare an investment plan in the amount of US 250 million (R 1.3 BI) for the Brazilian Industry Decarbonization Program. The countrys selection was approved last Wednesday (11/6) by the CIF Fiduciary Fund Committee, based on technical evaluation by an independent group of experts.
Brazil was the first place among 26 countries in a project presented jointly by the Ministry of Development, Industry, Commerce and Services (MDIC), the Ministry of Finance (MF) and the Ministry of Mines and Energy (MME), said the Secretary of Green Economics, Decarbonization and Bioindustry of MDIC, Rodrigo Rollemberg.
This project will support the number 5 mission of Nova Industria Brasil, which deals with bioeconomics, decarbonization, transition and energy security, he added.
The expression of interest presented by Brazil received the highest score among all proposals submitted. The document proposes a strategy to accelerate the transition of emissions intensive industrial sectors - such as cement, steel, aluminum, chemicals and fertilizers - and for the development of low carbon technologies, with emphasis on innovation, promoting circular economy and generation of green jobs.
Inserted in the context of NIB Mission 5, the Brazilian proposal is line to the National Strategy of Industrial Decarbonization - Coordinated by SEV/MDIC.
This feature represents more innovation, employment and development of a sustainable industry for Brazil, said Rollemberg. We show our pioneering and the quality of work that has been built by the government in the transition to a low carbon economy - the future of industry is green, and Brazil is ready to lead this process, he concluded.
In the coming months, Brazil will present the Investment Plan, which will be submitted to the CIF committees approval, with details about priority projects, financial instruments and private capital mobilization strategies.
The ICF is a global initiative that mobilizes financial resources to support developing countries in the implementation of innovative solutions against climate change. The intention of the ICF is to promote transformations in clean technologies, energy access, climate resilience and sustainable management of forests, contributing to sustainable development and reduction of greenhouse gas emissions.
