Key Facts
—The approval. The Climate Investment Funds, a $14 billion pool of climate capital managed by the World Bank, approved $250 million for Brazil on June 22, 2026.
—A regional first. Mexico received a matching $250 million, making this the first program of its kind aimed at cleaning up industry in Latin America’s two largest economies.
—The multiplier. The two grants are expected to unlock more than $5 billion in further financing, with roughly $2.56 billion of that from private investors.
—Target sectors. The money is aimed at the hardest industries to clean up: iron and steel, cement, chemicals and aluminum.
