Brazil Launches National Climate Plan With 2035 Emissions Targets and R$27.5 Billion in 2026 Funding

Overview

• The federal government unveiled the Plano Nacional sobre Mudança do Clima on March 16, outlining mitigation, adaptation and cross‑cutting strategies approved by the Interministerial Committee on Climate Change that brings together 25 ministries.
• The plan adopts Brazil’s COP29 pledge to cut net emissions 59%–67% by 2035 versus 2005 and to reach net‑zero by 2050, with sectoral targets detailed across eight mitigation plans and 16 adaptation or thematic plans.
• Financing for 2026 includes R$27.5 billion in reembursable loans from the Fundo Clima and R$5.9 million in non‑reimbursable resources, alongside broader mobilization via BNDES, Eco Invest Brasil and the BIP platform.
• Officials project land‑use will become a net carbon sink by 2035 through reduced deforestation, forest conservation and restoration of degraded areas.
• Negotiated sector rules include an agriculture emissions band from a 7% cut to a 2% rise by 2035, while civil‑society groups praise the plan’s breadth but flag gaps in financing detail, target timetables and the absence of a fossil‑fuel phase‑down schedule.