The Brazilian Development Bank (BNDES) has launched an open-access platform to monitor the New Climate Fund, the largest climate finance mechanism in the Global South, supporting projects focused on energy transition, decarbonisation, and reforestation.
The move comes as BNDES was rated Brazil’s most transparent state-owned company in 2024 by the Federal Court of Accounts (Tribunal de Contas da União – TCU). The new platform allows public access to data on project investments, locations, company size, and types of financial support.
“With this platform, BNDES reaffirms its commitment to transparency and to the ecological transition that ensures a future for new generations,” said Aloizio Mercadante, President of BNDES.
Between 2023 and 2025, BNDES approved BRL 19 billion in credit for climate-related projects across Brazil — a sharp increase from BRL 1.6 billion between 2019 and 2022. The fund is financed through the National Treasury and green bonds.
According to Nelson Barbosa, BNDES Director of Planning and Institutional Relations, the Climate Fund supports projects in urban transport electrification, biofuels, reforestation, and green industry.
BNDES is currently Latin America’s largest financier of electric buses, with BRL 3.8 billion approved since 2023 — potentially cutting 115,000 tonnes of CO₂ emissions annually.
The Climate Fund, established in 2009 and linked to the Ministry of the Environment and Climate Change (MMA), operates through two channels: reimbursable loans managed by BNDES and non-reimbursable funding administered by the MMA.
In its latest audit, the TCU awarded BNDES a transparency index score of 96.81%, more than 20 points above the national average, while the Office of the Comptroller General (CGU) gave the bank a perfect score for active transparency.
BNDES will present details of the platform’s operation during a programme at COP30 in Belém later this month.
