Rui Gomes Jr

The T20 Communique is out and one of the recommendations to the G20 is to "establish Data20, a multistakeholder platform to enhance cooperation on global data governance: Data20 should serve as a hub for collaboration across the G20 and its existing formal engagement groups... Debates on data governance should be centered on crosscutting issues such as information integrity, climate justice, health, the future of work, nondiscriminatory Artificial Intelligence (AI) systems, Digital Public Infrastructures (DPIs), and regulatory parity based on human rights and data justice". 

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IFC - International Finance Corporation is investing up to $250 million in Santander Brasil to expand access to finance for microentrepreneurs and small and medium enterprises in the North and Northeast Regions of #Brazil! IFC’s financing to Santander is structured as a Social Bond as the utilization of the proceeds of the bond will be used to provide positive social outcomes such as employment generation and financial inclusion. This is IFC’s first social bond subscription in US-dollars in Brazil, and the investment will help close the country’s social financing gap and bolster a more inclusive economic growth. Learn more: https://lnkd.in/dxFdcW8e Manuel Reyes-Retana | Vittorio Di Bello | Helena De La Torre | Rogerio Santos | Tomas Lo Prete | Humberto Carlin Galhardo | Paola Morales

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5 years ago, we stopped buying Brazilian government bonds due to the Amazon fires. It was a difficult decision, as climate-related risks in sovereign investments were not yet recognized. Since then, progress has been made, but challenges still remain in incorporating climate considerations into sovereign investments. The Network for Greening the Financial System (NGFS) released a report highlighting these issues. Check out the "must read" report in the comments. #sustainability #climateaction #investments

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#G20TechSprint Challenge. This international competition seeks innovative tech solutions to tackle the global central banking and regulatory community's challenges and priorities. This year, the #G20TechSprint Challenge focuses on the following problem statements: ✅ Nature-based solutions: Develop #Tech solutions to incentivize sustainable and inclusive investments aimed at #Biodiversity and #NaturePreservation. ✅ ESG: Create technologies to improve the quality, reliability, and granularity of #ESG data, facilitating due diligence, disclosure, and management of ESG-related risks and opportunities. ✅ #SDGs: Design open-source solutions to support financial decisions and capital allocation aligned with SDGs, including biodiversity preservation, #ClimateChange mitigation, #CleanEnergy, #FinancialEducation and inclusion, poverty alleviation, and more. #Innovators, #Entrepreneurs, #Startups, change-makers, creators, developers, #DataScientists, and sustainable finance experts from around the world to participate. Learn more and apply by June 14: https://bit.ly/3yuFW2I

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📢 **New Subsidies for Renewable Energy in Brazil** The Brazilian government has announced new subsidies for wind and solar energy, estimated at R$ 28.9 billion annually. While this move encourages clean energy production, it could significantly increase energy tariffs. Even Texas, a state with a liberal economic stance, provides subsidies for solar energy. These incentives are crucial for creating new markets and are unlikely to be reduced over time, especially during energy transitions. The current focus is on green hydrogen; next will be batteries, and so on. Mariana Mazzucato, in her book "The Entrepreneurial State," concludes that "governments are essential for taking initial risks and investing in emerging technologies that the private sector often avoids." She illustrates how government subsidies in technologies like the internet and GPS were fundamental for economic growth and sustainable innovation. 🔗 [Read more](https://lnkd.in/dUibKefu) #RenewableEnergy #Sustainability #Economy #WindEnergy #SolarEnergy #Innovation

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"Risk Management The cost of capital in EMDEs makes otherwise bankable projects unviable. Sharing risks, such as credit risk, currency risk, off-taker risk, political risk, and liquidity risk, plays a key role in mobilizing private investment. Several risk management instruments can be used, including guarantees that are an important, but underutilized, tool for leveraging private capital into climate finance. The G20 enables an environment for emerging markets to lead the action reducing risks for developing countries, particularly with regards to mainstreaming climate risks into portfolios and ensuring that rating agencies adequately consider it, without penalizing countries that prioritize climate action and fossil fuel phaseout."

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The House of Representatives approved Senate amendments to Bill 2308/23, which regulates the production of hydrogen considered to have low carbon emissions (green hydrogen), establishing a voluntary certification and federal tax incentives. The text now goes to the President for approval. Source: Agência Câmara de Notícias Full text: https://lnkd.in/dKWjRSmS #greenhydrogen #hydrogen #brasil #green #renewableenergy

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Closing the energy access gap and transitioning to decarbonized energy systems Summary: Ligia Noronha's speech at the UN General Assembly emphasized the dual challenges of climate change and energy poverty, proposing a holistic approach that aligns emission reductions and energy access through renewable energy, energy efficiency, and sustainable cooling methods. Key Points: Dual Challenges: The world faces dual challenges: mitigating climate change and closing the energy access gap without worsening the other. Noronha argues these goals aren't in conflict, suggesting that advancements in clean and affordable energy can address both. Renewable Energy Focus: Increasing renewable energy capacity is crucial. Aiming to triple this by 2030 could sustainably close the energy access gap, although overcoming financial barriers like high capital costs in developing countries remains essential. Energy Efficiency: Enhancing energy efficiency is seen as a cost-effective way to reduce both energy demand and emissions. Investing in efficient appliances and technologies can significantly decrease urban energy use and costs. Sustainable Cooling: Cooling is vital for food and medical supplies, emphasizing the need for efficient standards and reducing harmful refrigerants as per the Kigali Amendment. Short-Lived Climate Pollutants: Tackling pollutants such as methane, black carbon, and nitrous oxide is crucial for quick climate benefits. Efforts should include all major pollutants for broader impact. Systemic Financial Changes: Financial systems need reform to support sustainable energy investments. Redefining fossil fuel subsidies and debt narratives are key to this transition. Circular Economy and Mineral Use: Advocating for a circular economy to minimize primary mining, Noronha calls for improved local production capacities in developing countries to enhance value locally and prevent exploitative export practices. Partnerships for Progress: Collaboration with local communities is vital to develop necessary infrastructure and skills for a clean energy transition that promotes community well-being. Policy Integration: The next Nationally Determined Contributions present a chance to embed these strategies into national policies, ensuring comprehensive energy strategies that align with global climate objectives. The speech presents a strategic framework for addressing global energy and climate challenges through integrated policies that promote renewable energy, efficiency, and sustainable practices, bridging the gap between energy access and climate action. #SustainableEnergy #ClimateAction #UNGA #RenewableEnergy #EnergyEfficiency #GlobalPartnerships #CircularEconomy #PolicyChange #EnvironmentalJustice #CleanCooling

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🔔 Launch of Brazil's National Bioeconomy Strategy On June 5, 2024, Decree No. 12,044 was published, establishing the National Bioeconomy Strategy. This strategy aims to promote a sustainable economic development model that integrates the conservation and regeneration of biodiversity with the valorization of scientific and traditional knowledge. The decree sets a 30-day deadline for the establishment of the National Bioeconomy Commission, which will be responsible for developing the National Bioeconomy Development Plan. This commission will be formed by a joint act of the Ministry of Environment and Climate Change, the Ministry of Development, Industry, Commerce and Services, and the Ministry of Finance. The objectives of the National Bioeconomy Development Plan include defining the necessary resources, actions, responsibilities, goals, and indicators for bioeconomy development, aligning with sectoral policies such as environmental protection, industrial development, science and technology, agriculture, food security, biodiversity, and regional development. It also encompasses thematic areas like financial, normative, and regulatory instruments, data and information management, sustainable infrastructure, and professional and technological education. The plan will be developed within sixty days (60) from the establishment of the National Bioeconomy Commission and aims to foster sustainable and innovative development, benefiting both the environment and the Brazilian economy. This decree represents a significant step towards positioning Brazil as a leader in bioeconomy, promoting sustainability, innovation, and social inclusion. #Bioeconomy #Sustainability #Legislation #Innovation #Environment

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10 years ago...I looked for Private and State Banks, Financial Companies and some Cooperatives Sicred, Sicoop etc..here in Brazil to help me finance an Innovative and Pioneering project in the area of ​​Sustainable Energy, they all chose not to invest, due to the low classification of my Score /Serasa/Scpc. Today a Startup valued PRE valued at US$ 1.5 billion, with the sale of Groundfound shares authorized by the CVM and with pre-IPO on B3. Ready to pioneer a $7 trillion global sustainable energy market. Here's a tip for all financial “PSEUDOMANAGENS” who don't know the difference between Entrepreneur and Consumer, Score/Serasa and Scpc will never be a parameter for an Entrepreneur or for any type of project, it's just a single-person parameter for Consumer and Consumption. "Pay more attention to service" Manoel Santiago VII CEO Real Group Corp&Partners www.euroenergy.com.br

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“Are the Loans of State Owned Banks Politically Motivated?” To answer this question, Prof. Rodrigo Pereira, Institute for Applied Economic Research (Ipea) in Brazil, has studied the relationship between political factors and the lending practices of state-owned banks in Brazil. One of the noteworthy findings was that cities with mayors from the same political party as the President of Brazil receive more loans from state-owned banks per year than cities with mayors from different political parties. This reflects political interference in the lending practices of state-owned banks in Brazil. Source: PIER Economic Seminar on “Are the Loans of State Owned Banks Politically Motivated?” by Prof. Rodrigo Pereira #PIEREconomicSeminar #PoliticalEconomics

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Navigating Brazil's financial landscape involves understanding the Central Bank of Brazil's (Banco Central do Brasil - Bacen) stringent regulations on capital flows. These regulations, designed for economic stability, introduce significant bureaucratic demands. Key Points: 1. Registration Requirements: - Foreign investments must be registered via the SCE-IED system, requiring detailed documentation. - Foreign Loans: Loans need registration through the SCE-ROF system with comprehensive details. 2. Regulatory Compliance: - Annual and Quarterly Reporting: Companies must report financial data regularly, ensuring transparency but adding administrative work. 3. Approval Processes: - Currency Exchange: All foreign exchange transactions must be documented and approved according to Bacen rules. - Profit Repatriation: Requires adherence to Bacen’s rules and proof of corporate compliance. While these measures are deigned to protect Brazil's economy, they demand significant resources and understanding from businesses and local legislation. #Brazil #CentralBank #Investment #Finance #Regulation #CapitalFlows #Bureaucracy #BusinessInBrazil

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Under the Brazil's G20 presidency, the Bank for International Settlements Innovation Hub (BISIH), and Banco Central do Brasil launches the fifth edition of the G20 TechSprint 2024. They are searching for innovative technological solutions focused on sustainability. 📢 This TechSprint is open to all innovators, developers, climate and data scientists from large, and small firms around the world. Join the G20 TechSprint 2024. Be a part of building a just world and a sustainable planet. Learn more and join the TechSprint today: https://bit.ly/4dgvNGU #G20 #G20TechSprint #Brazil #GreenFinance #Sustainability G20 Brasil 2024| Banco Central do Brasil | Bank for International Settlements – BIS Innovation Hub | Inter-American Development Bank | FENASBAC | APIX Platform

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On the sidelines of the #G20 Energy Transition Working Group meetings, I had a productive discussion with Ambassador André Aranha Corrêa do Lago, #Brazil's Secretary of Climate, Energy and Environment. I also met João Marcos Leme, the Director, Department of Energy, and other officials from the Brazilian Ministry of Foreign Affairs (Itamaraty). We discussed potential areas of collaboration in line with global #climate and #energy goals.

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In Brazil again this week with an amazing group of investors and prospects including touring Renewables at unprecedented scale… Large, sophisticated LPs have echoed that energy transition and climate impact at scale = Infrastructure (as covered by Bruno Alves, Snehal Shah) more than PE. But why should you sacrifice return? Patria’s solar farm is 10,000 soccer fields in size housing almost 1.1 million new-technology solar panels and combining wind is 940MW in Brazil with another 360MW of solar underway in Colombia! Why LATAM? Where else does the sun shine and the wind blow to generate proven scale AND at the return profile that makes sense. With new projects targeting 15% net returns in USD with long term power purchase contracts, latest technology, and our proven track record of execution, come be the next to join a great group for whom seeing is believing… Thank you from this part of the world our supporters and visitors IFC - International Finance Corporation, State Board of Administration of Florida, UTIMCO, Alberta Investment Management Corporation (AIMCo), HOOPP (Healthcare of Ontario Pension Plan), State of New Jersey, NEW YORK STATE COMMON RETIREMENT FUND (all public) and many more of the world’s thoughtful investors that are not public, but you know who you are! Amazing to be able to witness…and when more see what we’re doing, this is just the beginning! After all, our world is interconnected and still going round so carbon impact in one part of the world helps the whole world, so why not create impact while benefiting from the higher end of the return spectrum that’s just not easily available now at the same level in the US and Europe…Let’s have a conversation and come see for yourself! And thanks Andre Sales, Felipe Pinto, Jose Mestres Bruno Fregonezi and your teams for the vision, leadership & execution that make us so #ProudtobePatria !!!!

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The latest (fifth) annual edition of a #G20-themed global #fintech competition has launched with a focus on developing solutions for #sustainablefinance to support the Sustainable Development Goals (#SDGs). Organised by the Bank for International Settlements – BIS and Banco Central do Brasil – the central bank of the country currently holding the rotating G20 presidency – the 'G20 TechSprint' initiative is open to participants worldwide. It has three focus areas: ‘overcoming the barriers to scaling nature-based solutions’; environmental, social and governance (#ESG) #data reporting and compliance; and ‘accelerating progress’ towards the SDGs. Read all about it => https://lnkd.in/eGzNs-KT #climatechange #innovation #greenfintech

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