The National Bank for Economic and Social Development (BNDES) has launched the “BNDES Carbon Credits” program, with the aim of stimulating projects that generate such credits, thus contributing to the preservation of the environment. This is the first regular carbon purchase program by a public bank in Brazil.

The initiative involves the application of resources for the commercialization of carbon compensation instruments in the voluntary market through projects that generate emission reductions and/or carbon capture. The selection of projects is carried out through Public Calls.

Furthermore, BNDES has also disclosed the partial result of the second public call for the acquisition of carbon credits for the year 2022, in which 15 proposals were approved to advance to the due diligence stage, for a total volume of credits to be acquired equivalent to about 20 million dollars. The selected initiatives are focused on reducing emissions from avoided deforestation (REDD+) and energy.