The Paris Agreement was signed in 2015 and its main objective is to prevent the planet from warming beyond 1.5ºC by the end of the 21st century.
Each signatory country has set greenhouse gas (GHG) emission reduction targets, called the Nationally Determined Contribution (NDC).
The Brazilian NDC establishes that Brazil should reduce its emissions by 37% by 2025 and 43% by 2030, in relation to 2005 emissions. Furthermore, in 2021, Brazil also committed to achieving neutral net emissions by 2050, that is, everything the country emits should be compensated for with carbon capture sources, such as forest plantation, biome recovery or other technologies.
The BNDES has structured this page and two panels to present how it is contributing to Brazil achieving its NDC.
For certain sectors, such as Forests, Energy and Urban Mobility, BNDES is already monitoring the contribution of the projects it supports in terms of avoided emissions, disbursements and other efficacy indicators.
Avoided emissions table
* Total emissions avoided by projects in these sectors approved by BNDES between 2015 and 2020 throughout their lifespan.
Click here to know the methodology
Overview of calculation of the avoided emissions
It was carried out with the Climate Fund’s tool and included the projects supported by the BNDES in these sectors in the direct modality.
It should be noted that, for each sector, the avoided emissions calculation was only possible for the types of project available in the Climate Fund tool. The scope of this calculation is therefore less than the scope of the following two panels, which deal with disbursements and delivery indicators associated with the NDC. Detailed information about each sector is below.
Energy: the avoided emissions of the energy sector were calculated by comparing the emissions of the renewable energy plant in question with the emissions of a fossil fuel plant to generate the same amount of power. This difference was multiplied by the projects’ lifetime. The Ministry of Science, Technology and Innovations provides the official emissions’ factors.
Urban Mobility: the avoided emissions for the urban mobility projects were calculated comparing the emissions of the transport mode in question (on rails or BRTs) with the emissions of other transport mode, more intensive in GHG emissions (fossil fuel car, moto or buses), for the same number of people and the same average distance travelled by passenger, in the projects’ lifetime.
Forests: the avoided emissions for the reforestation projects were calculated by the increase of the potential carbon stock of the restored area at the end of the growing cycle, considering the biome’s characteristics to stablish the time of growth.
Conversions to other metrics, in order to put the avoided emissions in context
Energy, Urban Mobility and Total: to convert BNDES projects avoided emissions in years of avoided emissions in cities (total or sectorial), the following calculation was done: the estimated avoided emissions of projects approved in the period 2015 to 2020 was divided by the emissions of the city in 2018 (sectorial or total). The city data was obtained at C40 Kkowledge Hub.Click here to acess.
Forests: to convert BNDES projects avoided emissions in soccer fields, the following calculation was done: the estimated avoided emissions of projects approved in the period 2015 to 2020 was divided by the emissions avoided per square meter of forest multiplied by the standard size of a soccer field.