Governance and public investment in Brazil’s decarbonization: the BIP Platform as a vector for sustainability and transparency
DOI:
https://doi.org/10.36428/revistadacgu.v17i32.809Keywords:
decarbonization, public investment, governance, BIP Platform, mission-oriented public policyAbstract
This article analyzes the strategic role of public investment in the decarbonization of the Brazilian economy, focusing on the Brazil Platform for Climate Investments and Ecological Transformation (BIP), through the lens of mission-oriented public policies and their governance mechanisms. Launched in 2024 under the coordination of the Ministry of Finance and an interministerial committee, the platform functions as a multisectoral hub for climate finance, aligning public and private resources to support projects consistent with the national target of reducing greenhouse gas emissions by 59% to 67% by 2035. The Platform prioritizes investments in the bioeconomy, industrial decarbonization, and renewable energies, using instruments such as public-private partnerships, sovereign guarantees, and blended finance. The study examines the governance mechanisms of the Platform, with emphasis on the concepts of polycentric governance and the OECD’s governance dimensions. The Platform represents an innovation in Brazilian climate governance, with the potential to legitimize environmental policy and position Brazil as a leader in the global green agenda. The article assesses how BIP’s governance mechanisms, together with its monitoring and transparency instruments, condition its effectiveness as a mission-oriented public policy for Brazil’s ecological transition.
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