Second Meeting of the China-Brazil Fund Held in Beijing
Recently, the second meeting of the China-Brazil Sustainable Development and Production Capacity Expansion Cooperation Fund Committee was successfully held in Beijing, advancing China-Brazil cooperation in green, low-carbon and infrastructure sectors to a higher level. The meeting was co-chaired by Li Hongyan, Deputy Director of the State Administration of Foreign Exchange, and Tatiana Rosito, Deputy Secretary of International Affairs at the Brazilian Ministry of Finance, further deepening cooperation in capacity and sustainable investment under the framework of the China-Brazil Strategic Partnership.
Review of First Outcomes and Confirmation of Second Project List
The meeting comprehensively reviewed the operations and cooperative achievements of the China-Brazil Fund since the first committee meeting in September 2024, with both parties recognizing progress in areas such as new energy, green transportation, infrastructure construction, and sustainable agriculture. The meeting reviewed and confirmed the second batch of cooperative project lists of the China-Brazil Fund, covering key sectors such as new energy, climate change response, and smart infrastructure, with project forms including equity, debt, and joint investment funds to support Brazil's sustainable development and green transition.
Focus on Cooperation in New Energy and Climate Change
The meeting emphasized the shared goals of China and Brazil in the fields of climate change and new energy cooperation. China has accumulated rich experience in global new energy and green finance, while Brazil holds unique advantages in the utilization of clean and bio-energy. The China-Brazil Fund will continue to explore more collaborative projects, driving green investments in wind, solar, hydrogen energy, and power grid upgrades to optimize Brazil's energy structure and promote the development of a low-carbon economy.
Advancing Green Finance and Investment Innovation
During the meeting, both parties agreed to continue exploring new models for green investment and financing cooperation, innovate financing mechanisms to provide diversified financial support for quality projects, and promote the implementation of green bonds and green equity investments in Brazil. Meanwhile, the fund platform will guide more Chinese enterprises and capital to actively participate in Brazil's sustainable construction, enhancing the depth and breadth of cooperation in the global green industry chain.
Next Meeting Location and Time Confirmed
To further strengthen a long-term cooperation mechanism, both parties agreed to hold the next meeting of the China-Brazil Fund Committee in Brazil in 2026. At that time, emerging industry investment trends and the progress of green project evaluations will be considered, continually updating the cooperation project list to contribute to the high-quality development of China-Brazil economic and trade cooperation and global climate change responses.
