The BNDES’ role in the Green Economy: institutional framework, disbursements and resource mobilisation (2010-2021)

Camila Franco Bartelega () and Ana Rosa Ribeiro de Mendonça ()

Brazilian Journal of Political Economy, 2024, vol. 44, issue 4, 714-729

Abstract: This paper aimed to analyse the role of the BNDES in promoting the ‘green economy’in Brazil over the past decade. We defend that, as a development bank, BNDES is an essentialplayer in encouraging investments that are low-emission, environmentally sustainable, andclimate-change resilient. The paper is organized as follows. After the introduction, section 2delves into the role to be played by development banks in promoting environmentally sustainable,low GHG emission economies. Section 3 analyses the BNDES’ disbursements in the greeneconomy between 2010 and 2021. Section 4 highlights the mobilization of BNDES resources for the green economy, including the management of environmental and climate funds, as wellas the issuance of green and sustainable bonds. Finally, concluding remarks are presented. JEL Classification: E51; G21; Q01.

Keywords: Development banks; green economy (search for similar items in EconPapers)
Date: 2024
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