Brazil : BNDES and Ministry of Mines and Energy to bring more clean energy to families in the Amazon

GO ECO GREEN21

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ENERGIA LIMPIA XXI. The National Bank for Economic and Social Development (BNDES) and the Ministry of Mines and Energy of Brazil (MME) recently signed a Technical Cooperation Agreement whose focus is the Federal Government’s More Light for the Amazon Program. One of the objectives of the agreement is to allow the Federal Government’s program to obtain resources from the Green Climate Fund (GCF), the United Nations Green Climate Fund that finances projects to reduce impact and adapt to climate change. BNDES was qualified in July 2019 as one of its operators. To this end, the Bank and the MME will seek to prepare a detailed proposal on Mais Luz para Amazônia, including its budget and its environmental benefits, which is a prerequisite for accessing the UN financial mechanism.

“This partnership with the BNDES will be fundamental for this program to have a new perspective in…

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