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Sustainable finance (public/private)/market mechanisms/carbon pricing

National Fund for Climate Change (FNMC) – The National Fund for Climate Change, known as Climate Fund, is one of the instruments of the National Policy on Climate Change. It is a trust fund under the Ministry of Environment (MMA), aimed at ensuring resources to support projects and studies and to finance undertakings that aim at mitigating climate change and adapting to its effects.
FNMC funds are available in two modalities: reimbursable and non-reimbursable (grants). The National Bank for Economic and Social Development (BNDES) manage reimbursable funds. Non-reimbursable funds (grants) are controlled by the MMA.
The Fund aims to support the implementation of projects, the acquisition of machinery and equipment and technological development related to the reduction of emission of greenhouse gases and adaptation to climate change and its effects. The Climate Fund has supported the development and implementation of a lot of projects.

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