Shifting pathways: Brazil to review $54 billion infrastructure portfolio in line with international green standards

Portfolio of projects will be reviewed against the Climate Bonds Standard opening up new investment opportunities for Brazil’s low carbon economy.

New York, 16th September 2019 – The Climate Bonds Initiative signed today a Memoradum of Understanding with Brazil's Minister of Infrastructure, Tarcísio Gomes de Freitas, to leverage investments in green infrastructure projects via green bonds. The initial focus of the government will be the certification of railroad projects, followed by a review of the wider portfolio.

According to the document, the Climate Bonds Initiative will review and prioritize the assets and projects in the ministry's infrastructure portfolio. Measures to stimulate the financing of eligible infrastructure projects through the green finance market will also be explored, seeking greater attraction from domestic and international investors.

Who says What

Tarcísio Gomes de Freitas, Minister of Infrastructure, Brazil:

"Achieving this qualification and consequently certifying our infrastructure projects as 'green' will allow future investors to have one more alternative when accessing this important market."

Thatyanne Gasparotto, Head for Latin America, Climate Bonds Initiative:

"Brazil has one the largest green infrastructure pipelines in the world and the certification of these projects and assets is the first step in making them visible to the international investor. There is a huge appetite for projects like these and I have no doubt that it's just the beginning of a successful partnership."

The last word

The global green bond market is now over $694 billion.

In Brazil, we've seen a total of $5.6 billion in issuances so far.

The Ministry of Infrastructure portfolio foresees at least $54 billion in investments by 2022.

We couldn't be more excited about the future for Brazil in scaling up its presence in the global green bonds market.

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