A dedicated national fund will receive the funds
Brazil's Ministry of Environment and Climate Change has allocated 10 billion reais (US$2 billion) to the National Climate Change Fund. This is reported by Brasil 247, a partner of TV BRICS. The funds will be used for sustainable projects, the publication said.
Established in 2009, the National Climate Change Foundation seeks to fund research, businesses and projects aimed at reducing greenhouse gas emissions and adapting to the effects of climate change.
In early March, Brazil called on the World Trade Organisation (WTO) to address trade liberalisation and the transfer of critical technologies to developing countries to mitigate climate change and the energy transition.
Earlier, the country celebrated a landmark achievement with 92,4 per cent of the country's electricity being generated from renewable sources.
Photo: iStock-
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Society26.08.26Ethiopia reports major progress in healthcare coverage, local production and emergency preparedness -
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Society26.08.26Best media projects about BRICS countries to be broadcast on Orenburg Regional Television -
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Society25.08.26BRICS countries seek stronger support for children from early years to adulthood -
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Society24.08.26Head of International Relations Department of TVRI: Indonesia takes centre stage in multipolar media -
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Society23.08.26BRICS News Digest for the previous week -
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Society22.08.26Oman identifies seven mushroom species new to science
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![Alisher Salomov]()
Alisher SalomovAdviser to the Chairman of the National Committee for Ecology and Climate Change of the Republic of Uzbekistan"First and foremost, I would like to highlight the importance of this Central Asia–Russia initiative, because environmental problems know no borders, and only a shared understanding of these problems and the search for joint solutions can deliver positive results" -
![Joao Paulo Capobianco]()
Joao Paulo CapobiancoBrazilian Minister of the Environment and Climate Change"The BRICS countries have a very high level of responsibility because they share an important part of the world's biodiversity, landscapes, populations, food production and water resources. So, we have an opportunity to lead by example. We have our development bank, which can demonstrate and develop new ways of financing programmes. We can reduce the risks for private capital to invest in restoration and efforts to combat desertification" -
![Dilma Rousseff]()
Dilma RousseffPresident of the New Development Bank"India’s BRICS Presidency this year gives special significance to our discussion. NDB stands ready to be a trusted partner in turning commitments on sustainability, clean energy, smart and resilient infrastructure into concrete results on the ground. […] For NDB, mobilising private capital is a strategic imperative. Created by the BRICS founding members, NDB is a bank of the Global South, for the Global South, mandated to mobilise resources for infrastructure and sustainable development" -
![Sihasak Phuangketkeow]()
Sihasak PhuangketkeowDeputy Prime Minister and Minister of Foreign Affairs of Thailand"BRICS can play a very important role in maintaining the free flow of trade and investment. The group can also be a vehicle for all of us to engage and to look at economic opportunities"
