A new financial instrument will allow Brazil to increase its investments in urban infrastructure and make the country more energy efficient. The Financial Instruments for Efficient Energy Brazilian Cities – FinBRAZEEC will catalyze resources from the private sector and climate funds to create new markets in the areas of efficient public lighting and industrial energy efficiency.
The financing from the Brazilian public sector fell in 2015 and 2016, exacerbating 
the gap in infrastructure financing and highlighting the urgency of bringing private funds into the financing equation. The country’s high urbanization rates (86% in 2018) make investments in urban energy efficiency crucial to meet the Energy Efficiency goals of the 2030 SDGs and the Nationally Determined Contributions (NDC).
FinBRAZEEC will help Brazil increase investments in urban energy efficiency and achieve the goal of improving energy efficiency in the electricity sector by 10% by 2030, established as part of its Nationally Determined Contribution under the Paris Agreement on climate change.
FinBRAZEEC is expected to mobilize over $1.1 billion for investments in urban energy efficiency in Brazil.