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Climate Funding

Antonio Cottas, Deputy Secretary for International Finance and Economic Cooperation at Brasil’s Ministry of Finance, highlights progress on taxing the super-rich during this week’s meeting of BRICS negotiators in Rio

According to Lula, the bank has already invested $40 billion in climate-related initiatives. The current head of the institution, Dilma Rousseff—former president of Brasil—stated that the NDB must be at the forefront of investments in climate action and energy transition

At the Rio de Janeiro summit, the group commits to reforming the international financial system and endorses the COP30 Presidency’s goal to mobilize USD 1.3 trillion in climate finance for the Global South