In the spirit of the COP 30 Presidency’s call for a global mutirão – a collective effort to mobilize climate action – the Business Council for Sustainable Energy (BCSE) will lead a business delegation to COP 30 in Belém, Brazil that will bring forward credible solutions, partnerships, investments, and ideas to accelerate the energy transition and decarbonize agriculture, buildings, industry, and transportation. This case study is part of BCSE’s Granary of Solutions to deliver emissions reductions, increase resilience, and meet energy transition goals worldwide.
Highlights:
- Investment program facilitates access to finance for decarbonizing energy-intensive, hard-to-abate industrial sectors, such as cement and steel
- Embeds a GEDSI perspective, promoting a just transition through financial transformation
- Recommendations will focus on investment alignment with climate targets to support long-term transformation of Brazil’s industrial sector
Case Study:
World Resources Institute Brazil’s climate financing program, supported by UK Pact, aims to address Brazil’s energy and climate challenges by facilitating access to finance for decarbonizing energy-intensive, hard-to-abate industrial sectors, such as cement and steel. These industries are highly dependent on fossil fuels, making the shift toward low-carbon technologies critical to achieving national climate targets – while also improving energy efficiency and reducing long-term costs.
During its inception phase in early 2025, the project laid the groundwork for implementation by mapping stakeholders, engaging with industry representatives, and developing a framework to identify priority technologies that can accelerate the energy transition in these sectors.
Beyond technical aspects, the project focused on aligning financial solutions with Brazil’s Ministry of Development, Industry, Commerce and Services (MDIC) to stimulate demand for clean energy investments. By creating the conditions for scaling up renewable energy use, improving industrial energy performance, and supporting innovation in low-carbon processes, the initiative strengthens Brazil’s energy security and prioritize decarbonization technologies aligned with national climate targets.
These efforts aim to stimulate demand for low-carbon investments in the cement and steel industries, where energy efficiency and emissions reduction are particularly challenging. In parallel, it promotes economic development through industrial competitiveness, new investment opportunities, and the creation of green jobs – demonstrating how energy transition can drive inclusive growth while reducing greenhouse gas emissions.