O Banco Nacional de Desenvolvimento Econômico e Social (BNDES) e seu papel no processo de transição verde brasileiro

Abstract

Financing investment in sustainable projects is one of the challenges for carrying out actions to mitigate the effects of climate change and adapt to the green transition process. State action through public banks, especially development banks, is a relevant tool for promoting the financing of policies for environmental purposes. From this perspective, the present work proposes the discussion of the role played by the Brazilian State through the National Bank for Economic and Social Development (BNDES) in the financing of investments to combat climate change and the green transition process in Brazil. Thus, this dissertation has as main objective to analyze the disbursements made by BNDES after the Paris Agreement (21st United Nations Conference on Climate Change - COP 21), in the period between 2016 and 2020. Starting from the hypothesis that the performance of BNDES in the financing of the green transition process in Brazil has advanced, however, below the possibilities of the bank, which has compatible purposes and background to have a more effective performance in the face of the transition goals this work aims to identify how the resources of the BNDES for financing environmental credit in related activities and projects, focusing on the observation of possible changes in the performance of these resources arising from strategic changes of the institution itself. As a result, there was a concentration of disbursements financed by environmental credit for consolidated sectors in the Brazilian economy in view of the institution's effort to incorporate sustainability into its strategic behavior.