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Brazil's push toward an ecologically sustainable future has gained momentum with a significant financial boost to one of its most ambitious reforestation startups. Re.green, a Brazilian climate-tech company focused on restoring degraded lands, has secured 80 million reais ($14.13 million) in financing from the National Bank for Economic and Social Development (BNDES), with major private lender Bradesco acting as the financial intermediary. This marks a defining moment in Brazil’s emerging carbon economy and climate investment landscape. A Strategic Boost from the New Climate Fund The funding announcement, made Monday, represents a milestone in Brazil’s climate policy and investment strategy. It is the second major investment facilitated by the government’s New Climate Fund—a 10 billion r...

Another major concern is the World Bank’s role in climate finance. The US is the largest shareholder in the World Bank and its policies influence global financial decisions. Under Trump, there could be resistance to climate funding mechanisms, including those related to loss and damage compensation for developing nations. This could have devastating consequences for poorer countries facing the worst impacts of climate change. The Battle Ahead: A Test for Global Climate Action Singh concludes that Trump’s return and the rise of Trumpism will test the resilience of global climate movements. The next few years will determine whether the world can overcome these challenges and push for a sustainable future. “We are entering a dangerous phase where climate denial is becoming a structured ...

Tag: climate fund

Green Growth: Brazil’s Bold Bet on Reforestation and Carbon Credits

Trump World Bank and climate funding mechanisms for poorer countries facing worst Climate Change