BR-T1412 : FINEP Clima: Fostering Climate Technology and Innovation to Deliver Brazil’s NDCs
Project Status: Preparation
The objective of this Technical Cooperation is to support the Brazilian Innovation Agency (FINEP) in the design of a climate-oriented innovation program, FINEP Clima, to deliver Brazil's NDC targets. It will focus on: (i) defining priority mitigation and adaptation technologies for research, development and innovation aligned with the Innovation for Growth Project (loan 4358/OC-BR) and in support of Brazil's Climate Technology Needs Assessment (TNA); and (ii) mainstreaming climate change into existing and future grant and loan instruments to catalyze private investment, including start-ups. The proposed program will develop a tailored mission-oriented framework and MRV methodology for FINEP Clima, refocusing financing mechanisms and projects to unlock investments in low-carbon research and technology development.