Brazil industrial decarbonization gets a boost as a World Bank climate fund approves five hundred million dollars to clean up steel and cement for Europe.
Economy · Brazil & Mexico
Key Facts
—The grant. A World Bank-managed climate fund approved $500 million for Brazil and Mexico, $250 million each.
—The leverage. The money is meant to pull in more than $5 billion in further financing across the two countries.
—The targets. It aims at the dirtiest industries to clean up: steel, cement, chemicals and fertilisers.
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