Climate Investment Funds Approves $70 Million to Enable $9 Billion Energy Transformation in Brazil

The Climate Investment Funds (CIF) governing board has approved a plan worth $70 million to support Brazil’s transition to green energy. The plan, funded by CIF’s Renewable Energy Integration (CIF REI) investment platform, aims to double Brazil’s renewable energy capacity, reduce emissions, and improve access to clean energy for millions of people. The program includes initiatives to increase green hydrogen production, modernize hydropower plants, and reduce greenhouse gas emissions. The funding is expected to mobilize $9.1 billion from partners, with $8 billion in private investments. CIF REI helps low- and middle-income countries develop energy systems that are flexible and resilient. The Brazilian plan aims to promote energy as a common good, improve access to clean energy, and promote development and social and economic inclusion.



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