The Brazil State of the Market H1 2025 report highlights the country’s growing role as the key sustainable finance hub in Latin America.
Brazil is the most dynamic GSS+ (green, social, sustainability and sustainability-linked) market in Latin America and the Caribbean (LAC), ranking among the top three in cumulative volume with USD 49.3 billion and 152 issuers. The report highlights a surge in sovereign and development bank activity, with both playing a pivotal role in deepening market liquidity and setting benchmarks for private issuers. Sectors such as renewable energy, low-carbon agriculture, and water infrastructure remained top destinations for green investment, aligning with Brazil’s climate adaptation and mitigation priorities.
The publication underscores the need to scale up adaptation and resilience finance, particularly for nature-based solutions and land-use transition, in order to meet national climate targets and contribute to global pathways under the Paris Agreement.
The report, released by the Climate Bonds Initiative, was written in partnership with ERM/NINT and funded by the LAGreen Fund, which received support from the European Unión through LACIF.
