As the host nation for COP30, Brazil is positioning itself at the centre of the global climate finance agenda. The country’s state development bank, BNDES, confirmed this week that it is in advanced talks with global investors—including Brookfield, TPG, and others—to launch a US $4 billion blended finance platform targeting forest conservation, green technology, and land use.
The deal structure would see BNDES commit US $900 million, with international partners expected to provide the remaining US $3 billion. If successful, the platform could become one of the most ambitious examples of public-private climate mobilisation in the Global South to date.
