Brazilian ministry of environment and BIDES launch carbon reduction credit line

摘要

It was established under the National Climate Change Fund, and aims to encourage private, municipal and stateinvestments to support objectives set by Brazil's National Policy on Climate Change in 2009. These include cutting greenhouse gas emissions, cutting vulnerability to the adverse effects of climate change, and preparing to compete in a low carbon economy.'The Climate Fund is one of the main instruments in Brazil's climate change policy,' says environment minister Teixeira. 'By 2014 it has the potential to provide up to R$1 billion (?440 million) in financing to support Brazil's national commitment to reducinggreenhouse gas emissions.'