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The BNDES’ role in the Green Economy: institutional framework, disbursements and resource mobilisation (2010-2021)

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  • Camila Franco Bartelega
  • Ana Rosa Ribeiro de Mendonça

Abstract

This paper aimed to analyse the role of the BNDES in promoting the ‘green economy’in Brazil over the past decade. We defend that, as a development bank, BNDES is an essentialplayer in encouraging investments that are low-emission, environmentally sustainable, andclimate-change resilient. The paper is organized as follows. After the introduction, section 2delves into the role to be played by development banks in promoting environmentally sustainable,low GHG emission economies. Section 3 analyses the BNDES’ disbursements in the greeneconomy between 2010 and 2021. Section 4 highlights the mobilization of BNDES resources for the green economy, including the management of environmental and climate funds, as wellas the issuance of green and sustainable bonds. Finally, concluding remarks are presented. JEL Classification: E51; G21; Q01.

Suggested Citation

  • Camila Franco Bartelega & Ana Rosa Ribeiro de Mendonça, 2024. "The BNDES’ role in the Green Economy: institutional framework, disbursements and resource mobilisation (2010-2021)," Brazilian Journal of Political Economy, Center of Political Economy, vol. 44(4), pages 714-729.
    • Handle: RePEc:ekm:repojs:v:44:y:2024:i:4:p:714-729:id:2479
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    Keywords

    Development banks; green economy;

    JEL classification:

    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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