Law 14.995/2024

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Laws and Policies

CCLW

CCLW national policies

Law 14.995/2024 passed

The law establishes the Foreign Private Capital Mobilisation and Exchange Protection Programme (Eco Invest Brasil Programme), within the scope of the National Climate Change Fund (FNMC), established by Law No. 12,114 of 9 December 2009, with the following objectives:
I - to foster and encourage investments in projects that promote ecological transformation, especially in the areas of transition to sustainable practices and technologies, technological densification, bioeconomy, circular economy, energy transition and infrastructure and adaptation to climate change, among others;
II - to attract foreign investment to the country;
III - to make capital market operations feasible for companies, investors and financial institutions based in the country to raise funds abroad to finance projects that comply with the provisions of item I of this article;
IV - to support the development, liquidity and efficiency of the long-term foreign currency hedge market in the country.

Law 14.995/2024 on the Eco Invest Brasil Programme and other provisions

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An aim to achieve a quantifiable outcome within a given time-frame, set by an institution such as a national government.

Policy instruments are techniques or tools used by governing authorities to promote certain policies in order to achieve predetermined goals. Put simply, instruments are how a government tries to achieve its goals, with this taxonomy being focused on national policy instruments.

Risk is the potential for adverse consequences resulting from the dynamic interplay between (climate-related) hazards, exposure, and vulnerability of affected human or ecological systems.

Groups  of people who are adversely affected by climate change or the response to it

A set of principles, processes, and practices that build economic and political power to shift from an extractive economy to a regenerative economy.

Renewable energy means all forms of energy produced from renewable sources in a sustainable manner.

Fossil fuel is a generic term for non-renewable energy sources such as coal, fossil gas, and oil (including crude oil, and petroleum products), that can be used for electricity and heat generation. Fossil fuels are hydrocarbons formed from pressurised and heated organic material buried over millions of years.

Molecules in the atmosphere that play a key role in the greenhouse effect by trapping heat radiating from Earth’s surface.

Area of the economy in which actors engage in identical or related activities.

In human systems, the process of adjustment to actual or expected climate change and its effects, in order to moderate harm, increase resilience or exploit beneficial opportunities. In natural systems, the process of adjustment to actual climate change and its effects; human intervention may facilitate adjustment to expected climate change and its effects.

The management and allocation of funds, assets and investments to meet various objectives

A subsidy is a direct or indirect payment to individuals or businesses, typically provided as a government cash payment or a specific tax reduction.

People with different national or cultural traditions from the dominant population

Either money or something of monetary value is transferred between two or more organisations, people or countries.

Activities that involve planning, designing and building infrastructure, residential, and commercial structures.

Climate change impacts our society by disrupting the natural, economic and social systems we depend on. Physical hazards and underlying vulnerabilities can lead to increased resource competition for food and water, which can heighten the risk of conflict.

Activities of businesses and institutions that provide financial services and products to individuals and organisations.

People whose health, both mental and physical, makes them more vulnerable to the effects of climate change

woman and genders outside of the gender binary

Activities of government agencies and institutions that provide public services, enforce laws and manage public resources.

This sector involves activities to move goods and people, alongside the storage of products.

Social inclusion is the process of improving the terms on which individuals and groups take part in society—improving the ability, opportunity, and dignity of those disadvantaged on the basis of their identity.

Law 14.995/2024

Policy instrument

Risk

Impacted group

Just transition

Economic sector

Finance