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Today, Brazil’s Ministry of Finance, Ministry of Environment and Climate Change, Ministry of Mines and Energy, and Ministry of Development, Industry, Trade and Services, along with partners including Bloomberg Philanthropies and the Glasgow Financial Alliance for Net Zero (GFANZ), launched the Brazil Climate & Ecological Transformation Investment Platform (BIP). This initiative aims to advance Brazil’s ambitious development and climate goals by mobilizing international capital for key programs and projects.

The BIP platform is designed to scale and optimize just transition investments, supporting Brazil’s Ecological Transformation Plan across key sectors. It serves as an example for other countries looking to integrate ecological transformations and climate goals into concrete investment pipelines.

Atlas Agro’s $1.15 billion (USD) initiative to build Brazil’s first industrial-scale green fertilizer plant is one of the first six projects selected for the BIP platform. This project aligns with Brazil’s goals of reducing emissions and promoting sustainable agricultural practices. Atlas Agro’s mission is to decarbonize nitrogen fertilizer production, a critical sector for agricultural productivity and feeding a growing population.

“Atlas Agro is committed to leading the way in sustainable agriculture. Our Uberaba Green Fertilizer plant will be Brazil’s first industrial-scale green fertilizer production facility and is a testament to our dedication to decarbonizing nitrogen fertilizer production globally,” said Petter Østbø, Chief Executive Officer, Atlas Agro. This project support Brazil’s ambitious climate goals and supports local farmers by providing sustainable agricultural solutions. It is an honor to be selected as part of the BIP platform and we look forward to contributing to Brazil’s green economy.”

The BIP platform will facilitate the promotion of business opportunities in Brazil’s green economy sectors, attracting investments that translate into job creation and income generation. It will bring together public and private sectors, domestic and international institutions to lift barriers to investment and support an economy-wide transition.

“Atlas Agro’s mission is to decarbonize nitrogen fertilizer production, one of the world’s hard-to-abate industrial sectors,” said Knut Karlsen, co-founder and president South America, Atlas Agro. “Nitrogen fertilizers are vital to agricultural productivity and to feeding a growing population. We are excited and honored to be part of BIP as we build sustainable, large-scale nitrogen production in Brazil, serving local farmers.”

Brazil’s Finance Minister, Fernando Haddad, emphasized that the platform is the culmination of efforts to structure regulatory and financial frameworks for green investments, marking the beginning of a new wave of investments. Michael R. Bloomberg, UN Secretary-General’s Special Envoy on Climate Ambition and Solutions, highlighted Brazil’s leadership in accelerating the clean energy transition.

The BIP platform will initially focus on three sectors:

  • Nature-based Solutions and Bioeconomy, including the restoration and sustainable management of native vegetation, reduction of deforestation, regenerative agriculture and waste management.
  • Industry and Mobility, catalyzing decarbonization efforts in sectors including steel, aluminum, and cement, electric urban mobility and green fertilizer.
  • Energy, enable efforts to support off-grid solar power, smart grids, offshore wind industries, sustainable fuels, agricultural bio-inputs, low carbon emissions hydrogen, energy efficiency, and critical minerals.

The BIP platform is a significant step forward in supporting Brazil’s ability to protect its diverse ecosystems while strengthening its economy. Through innovative financing and global partnerships, the platform will accelerate Brazil’s shift to a low-carbon economy, foster collaboration between public and private sectors, and unlock investments that will drive economic growth, protect the environment, and help lead the way for other nations working toward a net-zero future.

Click here to learn more about the BIP platform launch.