Since the beginning of the COVID19 pandemic in early 2020, Brazil has committed at least USD 3.99 billion to supporting different energy types through new or amended policies, according to official government sources and other publicly available information. These public money commitments include:
- At least USD 608.52 million for unconditional fossil fuels through 7 policies (1 quantified and 6 unquantified)
- Some public money committed for conditional fossil fuels (1 policy with the value of public money unquantified)
- At least USD 758.22 million for unconditional clean energy through 7 policies (5 quantified and 2 unquantified)
- At least USD 19.27 million for conditional clean energy through 1 policy (1 quantified)
- At least USD 2.61 billion for other energy through 11 policies (6 quantified and 5 unquantified)
Supporting fossil fuel energy
Supporting clean energy
By energy type, Brazil committed at least USD 608.52 million to oil and gas (at least USD 608.52 million to unconditional oil and gas).
In addition, no public money commitments identified for coal.
Further, no public money commitments identified for hydrogen based on fossil fuels.
Finally, some public money committed for multiple fossil fuels (1 policy with the value of public money unquantified).
A considerably larger amount of public money committed to supporting the economy and people of Brazil through monetary and fiscal policies in response to the crisis may also benefit different elements of the energy sector. However, these values are not available from official legislation and statements and therefore are not included in the database. Meanwhile, in addition to monetary and fiscal measures, the database lists other policies and regulations that can also provide benefits to producers and consumers of different energy types.
These public money commitments are additional to many other government policies that had existed to support different energy types before the COVID19 pandemic.
Public money commitments to fossil fuels, clean and other energy in recovery packages, USD billion, as of 21 October 2020
|Country||Jurisdiction||Category||Policy name||Sector||Energy Type||Mechanism||Value committed, USD||Date of announcement||Policy type||Stage||Legislation and Endorsing Agency||Arm of Government||Primary and secondary stated objective of the policy||Date of entry into force||Implemented repeal date, if any||Value as stated (specify currency)||Value committed, national currency||Value disbursed, national currency||Value disbursed, USD:||Policy background||Links to official sources||Links to additional sources|
|Brazil||National||Fossil unconditional||Emergency Support Measures for Civilian Aviation||Mobility||Oil and oil products||Loan guarantee (Hybrid)||608519269.77688||2020080606/08/2020||Fiscal||Energy use (all energy types, consumption in transport, household use, buildings etc)||Legislative Branch (LAW NO. 14, 034, OF AUGUST 5, 2020)||Government||Congress added important points in the MP (Provisional Measure) that had been set by the President early in the pandemic. The airline companies will not be held responsible for flight delays due to "force majeure" and they may use the National Civil Aviation Fund (FNAC) for loan guarantees of up to BRL 3 billion.||06/08/2020||3000000000 BRL||3000000000||The money from the National Civil Aviation Fund (FNAC) can be used as collateral for loans to airport concessionaires and airlines, as long as the companies prove they have suffered losses as a result of the pandemic. The details of the conditions for these loans are yet to be defined, but the grace period cannot exceed two and a half years (30 months), and the debt is expected to be repaid by the end of 2031. The guarantee can be used to cover loans of up to BRL3 billion.||
https://www.in.gov.br/en/web/dou/-/lei-n-14.034-de-5-de-agosto-de-2020-270712514 (accessed 07/08/2020)
|Brazil||National||Clean unconditional||30 million BRL committed for the Brazilian National Development Bank (BNDES) Energy Efficiency Fund||Buildings||Energy efficiency||Budget or off-budget transfer ...||6085192.6977688||2020072323/07/2020||Fiscal||Energy efficiency||National Bank for Economic and Social Development (BNDES)||Government||The National Program for Electrical Energy Conservation (Procel) committed 30 million BRL for the National Development Bank's (BNDES) energy efficiency fund. The resources will be used as grants to support energy efficiency projects through guarantees in different sectors of the economy. The objective is to reduce risks of default and increase access to credits for such projects.||23/07/2020||30 million BRL||30000000||"The National Electricity Conservation Program (Procel) will contribute R $ 30 million to the Energy Efficiency Guarantee Fund (FGEnergia) of the National Bank for Economic and Social Development (BNDES). These non-reimbursable funds will be used to support energy efficiency projects through the provision of guarantees. Energy efficiency projects from different sectors of the economy may be contemplated. "In practice, the guarantee offered reduces the risk of default assumed by financiers and, thus, increases the possibility of access to credit for the borrower. The Fund's guarantee mechanism provides for the coverage of part of the risk of financial agents with these operations, through the granting of a guarantee that may reach 80% of the total credit, and will be subject to the validation of technical criteria of the project related to energy efficiency. With an initial investment of R $ 30 million, FGEnergia will be able to generate guarantees for approximately R $ 200 million in energy efficiency projects throughout Brazil."||
|Brazil||National||Fossil unconditional||Royalty reduction benefits oil companies||Resources||Oil and gas||New or extended regulation (IT...||2020070101/07/2020||Fiscal||Exploration or production or processing or storage or transportation||National Energy Policy Council (CNPE)||Government||It provides for the reduction of royalties and the incentive for small or medium-sized companies in the activities of exploration, development and production of oil and natural gas.||01/07/2020||The policy establishes that "it is in the interest of the National Energy Policy that the National Agency of Petroleum, Natural Gas and Biofuels - ANP evaluates the adoption of measures aimed at reducing royalties to up to five percent, [...], for fields granted to small or medium-sized companies, classified according to the criteria established by the ANP."||
|Brazil||National||Clean unconditional||Guidelines approved for the program “More Light for the Amazon” to ensure energy access ...||Power generation||Solar||New or extended regulation (IT...||2020061919/06/2020||Other||Electricity generation||Ministry of Mines and Energy||Government||The "More Light for the Amazon" program foresees the use of renewable sources of electricity generation, mainly photovoltaic systems, and the replacement of small diesel or gasoline electric power generators, which today are the only source of electricity for many families that live in these remote regions, thus contributing to the reduction of greenhouse gas emissions and encouraging the sustainable use of resources in the Amazon Forest.||19/06/2020||The resources will come from agents in the electricity sector, from the Energy Development Account (CDE), instituted as an economic subsidy, and from other sources to be regulated by the Ministry of Mines and Energy (MME), in conjunction with other government agencies. MME will promote actions to provide other sources of funds, either as financing debts or grants, in order to contribute to the reduction of the tariff impact and reduction of the use of CDE resources.||
|Brazil||National||Fossil unconditional||National divestment from refineries to foster competitiveness and attract international investors||Resources||Oil and oil products||Fossil fuel subsidy reform||2020050909/05/2020||Fiscal||Exploration or production or processing or storage or transportation||National Council for Energy Policy (CNPE)||Government||Aims to encourage the entry of new actors and attract investments to the sector.||09/05/2020||Aims to reduce national investment in refineries to transfer the infrastructure development to other non-verticalized economic groups in the market aiming to improve competitiveness, price and quality of oil products as well as attract foreign investors.||
|Brazil||National||Fossil conditional||Change in rules for burning gas||Resources||Oil and gas||New or extended regulation (IT...||2020011717/01/2020||Other||Exploration or production or processing or storage or transportation||National Petroleum Agency (ANP)||Government||Establishes procedures for controlling and reducing oil and gas burns and losses. Aims to foster, on economic grounds, an increase in the share of domestic natural gas production in serving the Brazilian market, including by reducing the burning of natural gas in exploration and production activities.||17/01/2020||The new resolution includes both devices to regulate procedures already used in inspection activities, but not yet provided for in the previous regulation, and devices dedicated to the implementation of new tools to optimize the use of energy resources, by reducing the percentage of burning.||
|Brazil||National||Fossil unconditional||Extension of deadlines related to oil and natural gas exploration and production contracts||Resources||Oil and gas||New or extended regulation (IT...||2020042020/04/2020||Other||Exploration or production or processing or storage or transportation||National Petroleum Agency (ANP)||Government||To allow the extension of deadlines related to oil and natural gas exploration and production contracts in the context of COVID.||20/04/2020||Companies with active contracts with the ANP for oil and natural gas exploration are free to request the extension, for nine months, of the end of the exploration period currently contracted. This is also true for suspended contracts that are valid again this year.||
|Brazil||National||Fossil unconditional||Resolution with procedures to be adopted by the companies regulated by the ANP during the state of e...||Resources||Oil and gas||New or extended regulation (IT...||2020042020/04/2020||Other||Exploration or production or processing or storage or transportation||National Petroleum Agency (ANP)||Government||Temporary measures to confront Covid-19.||20/04/2020||Even with the prospect of paralyzing oil production, operators operating in Brazil "should maintain their activities to guarantee the inputs and raw materials necessary to maintain the national fuel supply". Activities of exploration and production of oil and natural gas that are not essential to guarantee national supply can only be carried out if a “risk analysis appropriate to the emergency scenario arising from COVID-19” is carried out. The companies must also report to the ANP "cases of suspected and confirmed coronavirus, per production unit", in addition to the impacts generated in drilling and production activities. “Small production” oil fields may, for the remainder of this year, burn up to 100,000 m³ of natural gas per day. But the agency has reserved the right to revoke that authorization "at its sole discretion".||
|Brazil||National||Other energy||Support to electricity distributors||Power generation||Multiple energy types||Other hybrid support measures||2020051818/05/2020||Fiscal||Electricity storage or transmission or distribution||Presidential Decree||Government||Relief to the electricity sector.||18/05/2020||The “Conta-Covid” program is created to receive resources to cover deficits or anticipate revenues for a series of items that represent relevant expenses for electricity distribution companies. The bill will come to the population in the form of an additional charge in 2021.||
|Brazil||National||Other energy||Authorization for companies in the electricity sector to use “fare charges” to amortize ...||Power generation||Multiple energy types||Other hybrid support measures||2020040808/04/2020||Fiscal||Electricity storage or transmission or distribution||Presidential Decree||Government||Relief to the electricity sector.||08/04/2020||The money from the Energy Development Account, provided it arises from "fare charges", can be used to discount loans obtained by generators, transmitters and distributors linked to measures to deal with the impacts of the coronavirus crisis on the electricity sector.||
|Brazil||National||Fossil unconditional||Postponement of energy auctions for coal, gas and other thermal plants||Power generation||Multiple fossil||New or extended regulation (IT...||2020032828/03/2020||Other||Electricity storage or transmission or distribution||Ministry of Mines and Energy||Government||To postpone energy auctions indefinitely in order to adopt measures to deal with the public health emergency of international importance resulting from the coronavirus||28/03/2020||Postponement of energy auctions for an indeterminate period scheduled until 2022. The auctions would buy energy from thermoelectric and natural gas and carbon plants and would sell a concession for electricity transmission.||
|Brazil||National||Other energy||Creation of committees to monitor impacts of COVID crisis on mining, fuels and electricity supply||Multiple sectors||Multiple energy types||Budget or off-budget transfer ...||2020032727/03/2020||Other||Non-applicable (non-energy measure)||Ministry of Mines and Energy||Government||The objective is the guarantee of the provision of energy services; the preservation of the mineral goods production and supply chain; of petroleum and its derivatives; of natural gas; and biofuels.||27/03/2020||The Covid-19 Sectorial Monitoring Committee, of an executive nature, is established within the scope of the Secretariat of Geology, Mining and Mineral Transformation, to articulate the demands of the sector related to the activities of the mineral production chain related to the effects of coronavirus ( COVID-19). The mineral production chain covers the mining activity, the inputs for the development of this activity, as well as the flow and sale of mineral products.||
|Brazil||National||Other energy||Prohibition to cut electricity to homes and places related to essential services||Power generation||Multiple energy types||Uncategorized||2020032424/03/2020||Other||Energy use (all energy types, consumption in transport, household use, buildings etc)||Energy Regulator (ANEEL)||Government||To prevent electricity service from being interrupted or cut during the COVID crisis.||24/03/2020||Establishes measures to preserve the provision of the public electricity distribution service due to the public calamity related to the coronavirus pandemic (COVID-19) for a period of three months, prioritizing those providing essential services and activities (such as clinics and hospitals), as well as low-income and rural consumers, and people whose lives depend on equipment that relies on electricity.||
|Brazil||National||Fossil unconditional||Increased deadlines for submission of obligatory documents for the oil companies within the concessi...||Resources||Oil and gas||New or extended regulation (IT...||2020061616/06/2020||Fiscal||Exploration or production or processing or storage or transportation||National Petroleum Agency (ANP)||Government||To establish guidelines and deadlines for documents and procedures under the context of COVID.||17/06/2020||Deadlines for the delivery of mandatory documents by oil companies were extended until the end of August. Included in the measure are the reports of local content and those of expenses and certifications, which must be submitted every three months. In the first case, the data serves to prove the percentage of investments signed in the concession contracts with the federal government.||
|Brazil||National||Other energy||Establishes a program for strategic minerals prioritizing uranium and phospate||Resources||Nuclear||Uncategorized||2020061010/06/2020||Other||Exploration or production or processing or storage or transportation||Ministry of Mines and Energy||Government||To help facilitate environmental licensing for uranium and phosphate mining projects.||10/06/2020||Mining has a lot of environmental impacts in Brazil given the outdated infrastructure used that has caused two major mudslides (Mariana and Brumadinho). The policy is to support the environmental licensing of investment projects for the production of strategic minerals "Strategic Pro-Minerals". With Resolution 126, under the Investment Partnership Program - PPI, the objective is the articulation between government agencies to help facilitate obtaining environmental licenses for projects. Projects such as Uranium and Phosphate in the Northeast and Phosphate in the North, among others, will be in the 1st round of discussion of the committee.||
|Brazil||Municipalities of Jandaíra, L...||Clean unconditional||Financing for the implementation of a wind farm in the municipalities of Jandaíra, Lajes and Pedro ...||Power generation||Wind||Loan (Hybrid)||202839756.59229||2020012929/01/2020||Fiscal||Electricity generation||National Bank for Economic and Social Development (BNDES)||Public finance institution||The Project contributes to the reduction of greenhouse gas emissions per MWh of energy from the Brazilian electric matrix by adding energy generation capacity through a clean and renewable source of resources; and it also contributes to the strengthening of the supply chain for the wind turbine sector established in the country.||30/01/2020||1 billion BRL||1000000000||There will be six wind farms, and an associated substation. It is expected to benefit 800 thousand homes and create 500 direct and 200 indirect jobs during the construction phase. The parks will be located in the municipalities of Jandaíra, Lajes and Pedro Avelino and will start to be built in January 2021. The commercial operations of the parks are expected to begin in 2022. The R $ 1 billion financing granted by the BNDES to the project corresponds to approximately 70% of the total investment. In the operation, each wind farm sets up a Special Purpose Company (“SPE”). They are controlled by MV Holding SA, which in turn is controlled by EDP Renováveis Brasil SA, arm of the Portuguese group EDP for investment in renewable energy in Brazil.||
|Brazil||Municipalities of Pontes e Lac...||Clean conditional||Financing for the implementation of a small hydroelectric plant in the municipalities of Pontes e La...||Power generation||Hydro||Loan (Hybrid)||19269776.876268||2020010909/01/2020||Fiscal||Electricity generation||National Bank for Economic and Social Development (BNDES)||Public finance institution||To increase the diversification of the power supply through investment in renewables, and also to improve energy security.||10/01/2020||95 million BRL||95000000||The National Bank for Economic and Social Development (BNDES) approved financing of R $ 95 million for the Special Purpose Entity (SPE) Nova Guaporé Energética S / A to implement the Small Hydroelectric Power Plant (PCH) Nova Guaporé - of 14MW of installed capacity - in the municipalities of Pontes e Lacerda and Vale de São Domingos, in Mato Grosso. BNDES 'resources correspond to 75% of the total investment of the project, which is R $ 126.5 million. The construction of PCH Nova Guaporé will generate energy for more than 40 thousand households and create, during the construction phase, 150 direct jobs and another 200 indirect ones. It is also worth mentioning that the PCH Nova Guaporé is in compliance with the National Energy Plan and the Ten Year Plan of the Energy Research Company, as it is the generation of renewable hydraulic energy and is fundamental for energy security. The project will save the environment of 208 thousand tons of carbon dioxide, which is equivalent to the annual emission of 10 thousand airplane trips. BNDES financing will take place within the scope of Finem, through the financing line for electricity generation.|
|Brazil||Alagoas and Piauí||Other energy||Financing to support an investment plan in the electricity sector in Alagoas and Piauí||Power generation||Multiple energy types||Loan (Hybrid)||229208924.94929||2020043030/04/2020||Fiscal||Electricity storage or transmission or distribution||National Bank for Economic and Social Development (BNDES)||Public finance institution||Financing to support an investment plan in the electricity sector, with a view to expanding the system, reduction commercial losses, improving the quality of energy supply, expanding the customer base and improving the operation of the electricity system.||01/05/2020||1.13 billion BRL||1130000000||Although the investment plan was already planned by the group, the BNDES' support materializes precisely at a critical moment for the sector, which has been suffering from the drop in industrial and commercial consumption due to the economic effects of the Covid-19 pandemic. The project is expected to serve 362 thousand new homes in both states and also to create 2 thousand jobs during the implementation of the project. The companies are the result of the sale auctions of Companhia Energética do Piauí (Cepisa) and Companhia Energética de Alagoas (CEAL), held in 2018, through a privatization process modeled by BNDES.||
|Brazil||Municipalities of Santa Luzia,...||Clean unconditional||Financing for the implementation of twelve wind farms and associated transmission system in the muni...||Power generation||Wind||Loan (Hybrid)||263691683.56998||2020010202/01/2020||Fiscal||Electricity generation||National Bank for Economic and Social Development (BNDES)||Public finance institution||To diversify the energy mix in Brazil, increase the installed capacity of the national electricity system, and contribute to the strengthening of the wind turbine sector's supply chain established in the country.||03/01/2020||1.3 billion BRL||1300000000||From the total of fifteen wind farms that comprise the project, the financing includes twelve parks, which are in four municipalities and are expected to generate 1,300 direct and indirect jobs in the construction and operation phases. The National Bank for Economic and Social Development (BNDES) approved a total financing of R $ 1.3 billion for the implementation of twelve wind farms, and an associated transmission system, in Paraíba, with an installed capacity of 370.8 MW - enough to supply approximately 840 thousand households. The amount of financing granted to the project corresponds to 80% of the total investment of R $ 1.6 billion in the twelve wind farms.||
|Brazil||Municipalities of Umburanas an...||Clean unconditional||Financing for the implementation of a wind farm in the municipalities of Umburanas and Sento Sé in ...||Power generation||Wind||Loan (Hybrid)||243407707.91075||2020052020/05/2020||Fiscal||Electricity generation||National Bank for Economic and Social Development (BNDES)||Public finance institution||The stimulus aims to help move Brazil toward a low-carbon economy, and to expand the private energy market in the country.||21/05/2020||1.2 billion BRL||1200000000||"The National Bank for Economic and Social Development (BNDES) approved R$ 1.2 billion financing for the Campo Largo Wind Farm - Phase 2 renewable generation project, located in Bahia, in the municipalities of Umburanas and Sento Sé. The project will generate enough energy to serve 850 thousand households. The financing will be granted to Engie. Under construction, the Campo Largo Wind Farm - Phase 2 totals 361.2 MW of installed capacity and an investment of R $ 1.6 billion. The financing is R $ 1.2 billion and the project will benefit from the synergy of the existing structures, such as the substation and the transmission line, implemented to serve the Campo Largo Windfarm - Phase 1 and Umburanas - Phase 1, which total 686.7 MW of installed capacity. [...] The project will also expand supply security in the south-central region of the state of Paraná. The two contracts, Gralha Azul and Campo Largo - Phase 2, totaling R $ 2.7 billion, were signed during the Covid-19 pandemic, digitally...."||
|Brazil||Municipalities of Caiçara do ...||Clean unconditional||Long-term financing for the implementation of a wind farm in Caiçara do Rio do Vento and Riachuelo,...||Power generation||Wind||Loan (Hybrid)||42190669.371197||2020063030/06/2020||Fiscal||Electricity generation||National Bank for Economic and Social Development (BNDES)||Government||The stimulus aims to diversify the Brazilian energy matrix and to help economic recovery after the coronavirus pandemic.||01/07/2020||208 million BRL||208000000||BNDES will finance the implementation and acquisition of national equipment. The wind farm belongs to the Casa dos Ventos group and is one of eight located in the Rio do Vento Wind Complex, currently under construction. The project is expected to generate more than 200 jobs during and after the conclusion of the project, considering only the financed wind farm. It is estimated that 1,500 jobs will be created during the implementation of the entire complex that spans three municipalities in the state, with a total installed capacity of 504 megawatts.||
|Brazil||National||Other energy||Emergency financing for the electricity sector in the context of the new coronavirus pandemic||Power generation||Multiple energy types||Loan (Hybrid)||997971602.43408||2020070202/07/2020||Other||Electricity storage or transmission or distribution||National Bank for Economic and Social Development (BNDES)||Public finance institution||The operation was organized to avoid major readjustments in electricity tariffs, which would have been caused by the effects foreseen in the distributors' next ordinary tariff process. With Conta-Covid, these amounts will be diluted in 60 months, reducing the readjustment indexes to be approved in 2020.||03/07/2020||4.92 billion BRL||4920000000||The National Bank for Economic and Social Development (BNDES) will contribute 30% of the resources to Conta-COVID, an emergency financing credit destined to the electricity sector in the context of the new coronavirus pandemic. The total volume to be released to distributors is up to R $ 16.4 billion, and the other 70% will be provided by private banks. The loan will cost CDI + 2.9% per year, with an 11-month grace period and a 54-month amortization period. The electricity distributors will join the initiative on Friday, July 3, and the funds are expected to be released at the end of the month.||
|Brazil||National||Other energy||Biodiesel auction||Mobility||Biofuels and waste||Government procurement (DT)||851926977.68763||2020061010/06/2020||Other||Other energy stage||Energy Regulator (ANEEL)||Government||The purchase of biodiesel is intended to comply with the mandatory mixture of 12% biodiesel to the diesel sold for the months of July and August.||29/06/2020||4.2 billion BRL||4200000000||The L73 Biodiesel Auction recorded the largest volume traded in a bimonthly auction and the largest financial transaction in the history of the biodiesel trading system. 1.19 billion liters of biodiesel were purchased in compliance with the mandatory mixture of 12% biodiesel to the diesel sold for the months of July and August. This amount represents approximately 99% of all biodiesel that had been offered for sale by producers. The biodiesel purchased at the L73 allows about 10 billion liters of diesel oil to be sold to the consumer in July and August.||eb.archive.org/web/20200701115203/
|Brazil||National||Other energy||Transfer of funds to distributors of electricity||Power generation||Multiple energy types||Budget or off-budget transfer ...||41987829.614604||2020040707/04/2020||Fiscal||Electricity storage or transmission or distribution||Energy Regulator (ANEEL)||Government||Strengthen the electricity sector's liquidity amid the COVID-19 pandemic scenario.||07/04/2020||207 million BRL||207000000||The National Electric Energy Agency (ANEEL) authorized the Electric Energy Trading Chamber (CCEE) to transfer to the energy distributors money from the reserve fund for future burden relief.||
|Brazil||National||Other energy||Launched a credit line to support biofuel producers due to COVID-19 market losses||Mobility||Biofuels and waste||Loan (Hybrid)||304259634.88844||2020061616/06/2020||Fiscal||Exploration or production or processing or storage or transportation||The national development bank BNDES established a sector support program (Programa BNDES de Apoio ao Setor Sucroalcooleiro).||Public finance institution||The international oil price reduction made biofuels less competitive compared to gasoline, thus increasing the COVID-19 crisis impact on the biofuel industry. The program aims to support the sector, incentivize the maintenance of jobs, and reduce the risk of fuel shortages during the period of economic recovery.||17/06/2020||1.5 billion BRL||1500000000||The national development bank BNDES established a credit program for working capital for the sugar and alcohol sector, including ethanol (with an allocation of R$ 1.5 billion (BRL) ( and joint action with commercial banks may increase the amount to more than R$ 3 billion (BRL). Biofuels have suffered from a decrease in consumption of over 30% during the COVID-19 crisis and also from a drop in the international price of oil - which has made ethanol less competitive. As an incentive to preserve jobs, supported companies will not be able to reduce their permanent staff for two months. In addition, those that maintain or increase jobs in the next 12 months will have lower rates.||
|Brazil||National||Other energy||Provides beneficiaries from the “Social Tariff Program” with another discount for energy...||Power generation||Multiple energy types||Underpricing of govt-owned goo...||182555780.93306||2020040808/04/2020||Fiscal||Energy use (all energy types, consumption in transport, household use, buildings etc)||Energy Regulator (ANEEL)||Government||30/06/2020||30/06/2020||$900,000,000 BRL||900000000||900000000||182555780.93306||Exempts all beneficiaries of the Social Tariff Program (2002) from paying electric bills from April 8th to June 30th aiming to provide support to low income families.||
|Brazil||National||Clean unconditional||New financial mechanisms for green bonds issuance for sustainable infrastructure||Other sector||Multiple renewable||Other hybrid support measures||2020060505/06/2020||Other||Electricity generation||Ministry of Mines and Energy||Government||To foster renewable energy generation.||05/06/2020||Expected to attract $170 billion Brazilian real (BRL)||The presidential decree aims to maintain the renewable power mix (83% renewable), attract foreign investments, reduce consumer tariffs and generate employment. Despite President Bolsonaro's constant denial of climate change, he has publicly supported renewable energy generation. The discussion about green bonds in Brazil has been led by CBI to introduce this green finance mechanism for Brazilian infrastructure projects.||