Brazil has announced a partnership with the world's largest climate finance coalition to boost financing for clean energy and efforts to restore nature, starting with reforestation of the Amazon rainforest.
The agreement signed between the National Bank for Economic and Social Development (Bndes) and the Glasgow financial alliance fornet zero (Gfanz) provides for the construction of a platform to mobilize Brazilian climate financing.
The idea of the platform is to bring together major Brazilian projects that aim to generate sustainable jobs, expand investments in low-carbon technologies and develop sustainable economies that protect Brazil's nature and biodiversity.
The document was signed by the president of BNDES, Aloizio Mercadante, and by the UN special envoy for climate solutions, Mark Carney (who is also co-president of GFANZ), during the Brazilian Forum on Climate Finance, which ends today in Sao Paulo.
The event precedes the meeting of G20 finance ministers and central bank governors.
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