BNDES has record net income of R$34.1 billion in 2021

BNDES will acquire up to R$ 10 million in carbon credits

The National Bank for Economic and Social Development (BNDES) will make a public call for the acquisition of up to R$ 10 million in carbon credits. Priority will be given to reforestation, energy and the so-called Redd+ (reducing emissions from deforestation and forest degradation) bonds.BNDES will acquire up to R$ 10 million in carbon credits

The bank’s objective is to encourage the development of a voluntary market for this type of securities in Brazil and, thereby, contribute to the reduction of greenhouse gas emissions.

The carbon credit is an instrument that makes it possible to remunerate initiatives to decarbonize the economy, such as forest restoration projects and the use of clean energy, among other measures to reduce greenhouse gas emissions.

polluting gases

These credits are transformed into bonds that can be sold to other agents that emit more polluting gases than allowed. Voluntary agents can also purchase the credits to access green funding sources or for other strategic decisions.

According to the BNDES, the estimate is that the voluntary market will need to grow more than 15 times by 2030 to meet the goals of the Paris Agreement, which aims to achieve a balance between the emission and removal of greenhouse gases by the year 2050.

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