The Eco Invest Brasil Program achieved the largest auction in its history. The result of the third auction, released this Wednesday (28) by the National Treasury, indicates demand with the potential to mobilize around R$80 billion in equity investments (purchase of shares in companies), of which R$24 billion in public resources.
Of the R$80 billion demanded, R$15 billion in public capital was approved, capable of enabling approximately R$53 billion in private investments. More than R$11 billion should be allocated to the development of startups and small and medium-sized companies (SMEs), with a focus on innovation, sustainability and long-term growth.
Created in 2024, Eco Invest Brasil aims to boost sustainable private investments and attract external capital for strategic ecological transition projects. The program offers innovative financial instruments, such as partial protection against exchange rate volatility, and supports initiatives linked to green industry, biome recovery, climate infrastructure and technological innovation.
Data from the Brazilian Association of Private Equity and Venture Capital (ABVCAP) indicate that, over a period of 12 months, the proposals approved in this auction are equivalent to 32.5% of all investment made in the sector in Brazil, between October 2024 and September 2025.
In this edition, six financial institutions had winning proposals. Itaú led, with around 50% of the approved volume, equivalent to almost R$30 billion. Next comes Caixa Econômica Federal, with R$9 billion, in addition to Bradesco, HSBC, National Bank for Economic and Social Development (BNDES) and Banco do Brasil.
Projects
Most of the resources will be allocated to Energy Transition projects, which accounted for 64.5% of approved proposals. Bioeconomy accounted for 16%, Green Infrastructure for Adaptation for 10.4% and Circular Economy for 9.1%, in line with the Ecological Transformation Plan – Novo Brasil.
Potential
According to the Ministry of Environment and Climate Change, Eco Invest exceeded R$127 billion in potential resource mobilization and demonstrates the private sector’s growing interest in sustainable projects.
Among the strategic sectors, investments in sustainable aviation fuel (SAF) stand out, with R$12.2 billion indicated, and in the battery and electric vehicle chains, which total R$9.3 billion. The objective is to insert Brazil competitively in the global green economy.
Coordinated by the Ministries of Finance and the Environment, with support from the Inter-American Development Bank (IDB) and the United Kingdom Embassy in Brazil, Eco Invest Brasil has already concluded three auctions and is consolidating itself as the largest green finance program in the country. The winning financial institutions will have up to 24 months to mobilize external capital and up to 60 months to make contributions to the selected projects.
What is equity?
The term equity refers to investments made through the acquisition of equity in companies, that is, the investor becomes a partner in the business. Unlike traditional financing or loans, this model does not involve payment of interest, but focuses on the growth and appreciation of the company over time.
At Eco Invest Brasil, equity is mainly intended for startups and expanding companies linked to the green economy, through venture capital strategies (aimed at early-stage businesses) and private equity (aimed at structured companies, with scaling potential). The use of public resources as catalytic capital helps to reduce risks and attract private investors, increasing the total volume of investments.
