Following the Money: Financing Bioeconomy in Brazil - September 2024

This analysis identifies the amount directed by public and private sources of funds, both domestic and international, and specifies the channels of disbursement, the financial instruments used, and the financed sectors. [...] 7 • CBIOs,3 an instrument created for fuel distributors to buy decarbonization credits to encourage the production and consumption of biofuels and finance the decarbonization of the transport sector, mobilized US$ 0.600 billion/year, 18% of the total tracked between 2021 and 2023. [...] The state of Paraná is the second largest producer of the root, through technology-intensive crops, and the largest producer of industrially processed products, such as cassava starch.5 • The Northeast region was the second largest recipient of finance, accounting for 26% of the total, with cocoa production in Bahia standing out. [...] The Southeast region came in third, receiving 21% in the period, with rubber trees being the second product to receive the most finance in the region (33%). [...] Methodology This publication presents an initial tracking of financial flows for bioeconomy in Brazil, building off the methodology and database from CPI’s Landscape of Climate Finance for Land Use in Brazil.6 The approach was based on over a decade of CPI’s international experience in tracking climate finance from the Global Landscape of Climate Finance 20237 and adapted for the Brazilian context.