Project Alliance with ABC Bank for Ecological Financing
Location Brazil
Institution/Company ABC Brazil Bank
IDB Financing / Chinese cofinancing Fund. Total amount USD 150 million: USD 25 millon from the Chinese co-financing Fund for LAC
Starting year / State Approved on 17/09/2014
Project Overview The proposed project consists in creating an alliance with the ABC Bank for the implementation of a Green Line, whose objectives are: (i) to promote environmentally friendly investment in Brazil, to anchor the private sector in the sugar and ethanol and biomass sectors and, (ii) to fulfill the country’s objective to reorganize their energy network, contributing to reducing greenhouse gas emissions.