• Brazil to launch a blended-finance auction aimed at raising up to $2 billion for sustainable land restoration, with a focus on degraded pastures.
• The initiative combines $1B in public funds from the Climate Fund with a required 1.5x private capital leverage—60% of which must come from international sources.
• The program supports Brazil’s ecological transformation goals and could become the world’s largest land restoration effort.

Brazil is launching a landmark auction aimed at raising up to $2 billion in financing for sustainable land restoration, as part of its Eco Invest Brazil program. The initiative will be officially announced on Monday by the ministries of Finance, Agriculture, and Environment.

The auction, built around a blended finance model, will use public capital to attract and de-risk private investment. Approximately $1 billion in catalytic capital will come from Brazil’s Climate Fund, and participating banks must provide a minimum leverage of 1.5 times—injecting at least $500 million in private capital. Final totals could hit $2 billion, depending on investor competition.

“It has a huge environmental impact, enormous international appeal, and many people are seeking us,” said Brazil Treasury Secretary Rogério Ceron.
“We aim, in the best-case scenario, to recover around 1 million hectares. It’s quite aggressive.”

At least 60% of leveraged capital must be sourced internationally, with the remaining 40% potentially raised domestically. A regulatory decree will be issued this week, giving financial institutions 45 days to submit proposals. The banks offering the highest private leverage will win the auction.

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Ceron emphasized the scalability of the program, positioning it as the cornerstone of Brazil’s broader ecological transformation agenda. The effort also aims to reinforce the National Program for the Conversion of Degraded Pastures—launched in 2023 to rehabilitate underproductive land and boost food production without increasing deforestation.

“There is appetite for leverage that could bring $1 billion in private capital to match the $1 billion from public funds,” Ceron added.

The auction is expected to attract global institutional capital, while setting a precedent for large-scale, climate-aligned investment in emerging markets.

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