Turning Climate Plans into Capital: Brazilian States Show the Way
Since its launch at the G20 Social in Rio de Janeiro, the Community of Practice has united representatives from ten Brazilian states. Its mission: to enhance their readiness to attract and mobilise climate investment.
The community of practice is a key element of the Mobilising Green Investment in Brazilian States project - an initiative led by the Climate Group and Environmental Resources Management (ERM), and funded by UK PACT (Partnering for Accelerated Climate Transitions) in Brazil.
This community fosters knowledge exchange and highlights concrete state-level actions that align with national and international climate goals—critical for unlocking finance. Five thematic forums are planned, with two already completed.
The forums bring together financial experts and state officials for constructive dialogue on shared experiences, challenges, and practical solutions for financing climate priorities. Each session begins with a financial expert presenting a strategic overview, followed by two case studies from participating states. These case studies showcase actionable pathways for improving investment readiness.
The first two forums have focused on:
Upcoming sessions will explore:
This session explored how states can demonstrate preparedness for climate finance by developing strong, finance-aligned climate strategies.
The Nature Conservancy (TNC) opened with an insightful presentation on how subnational climate plans—covering both decarbonisation and adaptation—can clarify priorities and strengthen public sector proposals for better investment opportunities.
Pernambuco showcased its Plan for Economic-Ecological Transition (PERMEIE), an initiative rooted in its decarbonisation strategy. PERMEIE reframes climate action not as a cost, but as a growth opportunity—promoting jobs, resilience, and long-term sustainability.
Tocantins presented its REDD+ jurisdictional programme, aligned with ART TREES standards. With support from Swiss investor Mercuria, the initiative is projected to generate over R$2.5 billion (US$442 million) through the certification and sale of carbon credits.
This session emphasized the critical role of governance and budget alignment in enabling climate investments.
Carlos Eduardo Lacerda of Brazil’s Federal Court of Accounts (TCU) introduced the Painel ClimaBrasil and Climate Scanner—two tools designed to enhance transparency, coordination, and public governance for climate-related finance.
São Paulo shared its integrated approach, where the state’s development agency, Desenvolve SP, plays an active role in the State Climate Change Council. The state is also developing Finaclima, a dedicated climate investment fund to mobilise both public and private capital.
Acre presented its innovative approach to thematic budgeting. After successfully implementing gender and child-focused budgets, the state is now developing a climate-responsive budget that reflects the cross-sectoral nature of climate change and promotes more strategic allocation of resources.
The Community of Practice is delivering more than dialogue—it’s building a platform for collaborative problem-solving and peer learning among states tackling similar climate finance challenges.
Insights from all five forums will be compiled into a flagship publication, set to launch later this year at COP30 in Belém. The event will provide a global stage to spotlight Brazil’s subnational leadership and innovation in climate action.
By empowering state governments and showcasing replicable solutions, the Community of Practice is contributing meaningfully to the global climate agenda—and ensuring that Brazilian states have a strong voice in shaping the future.