BNDES

The National Bank for Economic and Social Development (BNDES) announced a record R$7 billion investment in Brazilian forests since 2023, at the COP30 Leaders Summit in Belém. The amount, the largest in the bank's history for the forestry sector, funds the planting of about 280 million trees and the capture of 54 million tons of CO2. The initiative combines reimbursable and non-reimbursable resources for conservation and restoration.