The Brazilian National Development Bank has established the Amazon Fund, which raises funds to finance projects which address deforestation, as well as generate emission reductions.
The Energy Development Fund was established in 2002 to finance renewable energy among others and promote renewable energy.
Preferential financing is given for renewable energy projects which meet local content requirements by the Brazilian National Development Bank.
A 2020 aim for a 5% reduction of emissions and energy use in the industrial sector.
By 2030, achieve 10% reduction in electricity consumption.
Implementation of Renewable Energy Auctions which provides for new renewable capacity to be constructed (Decree 5163 of 2004 and Decree 6048 of 2007)
By 2024, increase the share of renewables to 27% from 16% in 2015, including the following: – expand wind power capacity to 24GW which is equivalent to 11.6% of total installed power capacity. – expand solar power capacity to 7GW which is equivalent to 3.3% of total installed power capacity.
By 2024, expand hydro generation to 117GW which equates to 56.7% of total installed power capacity.
By 2030, achieve 45% renewable energy including expanding non-hydro renewable energy sources between 28-33%.
Between 2015-2024, expand estimated total investments for transmission capacity by USD$40 billion.
By 2030, increase share of sustainable biofuels to 18%.
Brazil continues to be an active participant to implement mitigation actions under REDD+.
The Brazilian government has announced that by 2030, it will restore 12 million hectares of deforested and degraded forest land.
By 2030, reduce illegal deforestation to zero.
The Brazilian government has announced that by 2030, it will implement 5 million hectares of integrated crop, livestock and forest management.
The Brazilian government has announced that by 2020, it will restore 5 million hectares of degraded pasture land.
An indicative 2030 target of a 43% reduction of economy wide GHG emissions below 2005 levels.
By 2025, 37% reduction of economy wide GHG emissions below 2005 levels.
