Policy paper

Brazil and Global Clean Power Alliance finance mission: action plan

Updated 23 June 2026

The Global Clean Power Alliance (GCPA) Finance Mission is a timebound initiative, backed by a coalition of donor countries, philanthropies and delivery partners^{[footnote 1]}. It is designed to respond to specific requests for assistance from its Emerging Markets and Developing Economies (EMDE) partners, collaborating with them to ensure they have the right people, tools and capabilities to undertake high quality energy investment planning^{[footnote 2]}, and to build a pipeline of bankable projects to accelerate the implementation of clean energy transition goals.  

The Government of Brazil will lead its partnership with the Global Clean Power Alliance (GCPA) Finance Mission through the Ministry of Development, Industry, Trade and Services (MDIC), the Ministry of Mines and Energy (MME), and the Ministry of Finance (Fazenda), in coordination with relevant national institutions, including the Brazilian Development Bank (BNDES) in its role related to the Brazil Climate and Ecological Transformation Investment Platform (BIP).

The Ministry of Finance will provide strategic coordination on the financial architecture of the Action Plan, ensuring alignment with Brazil’s Ecological Transformation Plan, the BIP, and Brazil’s broader engagement with multilateral development banks, climate funds and private capital mobilisation initiatives. This collaboration builds on Brazil’s strong renewable energy base and its commitment to achieve net zero emissions by 2050, as outlined in its National Energy Transition Policy and NDCs. These frameworks prioritise industrial decarbonisation, electrification, and the scale-up of technologies such as low-emission hydrogen, requiring significant investment to meet Brazil’s climate and economic goals.

The Finance Mission Action Plan aims to strengthen the BIP as a key vehicle for attracting private and international finance to projects aligned with its Ecological Transformation Plan. Under Brazil’s leadership and in coordination with BIP governance arrangements, the Action Plan will support the establishment of a dedicated Project Preparation Facility, working through the existing Brazil-UK Hubs, to enhance the bankability of priority industry and energy projects identified through the BIP and support their progression towards final investment decision.

The GCPA Finance Mission and its partners commit to unlocking private investment, accelerating deployment of clean technologies, and supporting just and inclusive energy and industry transitions with a set of priority actions through to COP32.

The GCPA Finance Mission will support the implementation of the Action Plan by coordinating efforts across key sectors, under the strategic guidance and priorities defined by the Brazilian Government:

• Energy / Low Emission Hydrogen: Working with the Green Finance Institute, the World Bank Energy Sector Management Assistance Program (ESMAP), and Brazil-UK Hubs, in partnership with MME.
• Industry: Collaborating with the Green Finance Institute, ESMAP, and Brazil-UK Hubs, in partnership with MDIC.

The Finance Mission will always endeavour to work flexibly with Brazil’s existing activities and delivery partners to ensure its activities are well coordinated, additive and complementary. The Finance Mission will seek to mobilise and work with local expertise, resources and capacities wherever possible.

This Action Plan will remain a live document, with opportunity to update the details, scope and breadth of support as work unfolds and in accordance with the priorities of the Brazilian Government. A formal review and update of this Action Plan will take place by COP31.

In partnership with the MDIC, MME and Fazenda, the Finance Mission will:

Project Pipeline Development

• Support the identification of priority Industry and Energy projects aligned with Brazil’s Climate and Ecological Transformation Investment Platform (BIP).
• Develop a Project Preparation Facility in collaboration with the Green Finance Institute, UNIDO and ESMAP, and in coordination with BIP governance arrangements and relevant national institutions, to enhance the bankability of priority Industry and Energy projects, providing support towards reaching final investment decision
• Identify opportunities for the targeted use of concessional finance, guarantees and other risk-mitigation instruments to address specific bankability barriers and mobilise additional private finance at scale
• Support the design and development of innovative finance mechanisms to scale capital flows
• Support BIP activity to facilitate dialogues between projects and potential investors

In partnership with the Ministry of Development, Industry, Trade and Services (MDIC), the Finance Mission will:

Strengthening the Enabling Environment

• Mobilise technical assistance and capacity building in support of Brazil’s National Industry Decarbonisation Strategy (ENDI) to make the regulatory environment more conducive to private sector investment
• Engage with priority industry projects to identify systemic barriers and develop potential solutions

Research and Innovation

• Identify opportunities to pilot and demonstrate new technologies to accelerate the decarbonisation and development of Brazilian industries
• Support the incubation of these projects with assistance to navigate Brazil’s business environment and facilitate access to local supply chains and capital markets

In partnership with the Ministry of Mines and Energy (MME), the Finance Mission will:

Strengthening the Enabling Environment

• Mobilise technical assistance and capacity building in support of Brazil’s National Hydrogen Strategy (PNH2), including the offshore wind policy framework geared towards hydrogen and power-to-X and implementation of the Hydrogen Law (Law14.PHBC) to make the regulatory environment more conducive to private sector investment
• Engage with priority energy projects to identify systemic barriers and develop potential solutions

In partnership with the Ministry of Finance (Fazenda), the Finance Mission will:

• Identify opportunities for collaboration with the Country Platform Hub to strengthen country ownership of climate and development agendas, with a focus on private finance mobilisation.
• Strengthen coordination with the GCPA Finance Mission to align Brazil–UK dialogue, international financial initiatives and private capital mobilisation efforts, ensuring coherence with Brazil’s domestic priorities, the BIP and existing finance architecture
• Support strategic coordination and programming across multilateral climate funds, including the Green Climate Fund (GCF), Climate Investment Funds (CIF) and GEF, to maximise alignment with Brazil’s Ecological Transformation Plan, the BIP and other national investment priorities

1. See Global Clean Power Alliance: organisations finance statement - GOV.UK ↩

2. In line with the GCPA Finance Mission’s Roadmap on High Quality Energy Investment Planning. ↩