The Minister of Finance, Fernando Haddad (PT)appears on the list of the 100 most influential climate leaders in business in 2024, published this Tuesday (12) by the magazine Time.
According to the publication, the topic of finance has proven inescapable when it comes to climate, at a time when decision makers, executives, researchers and innovators are working to help unlock financing and resources to drive action in the area.
No text dedicated to Haddad, to Time classifies the minister as the “force” behind the president’s mission Luiz Inácio Lula da Silva (PT) in transforming Brazil into a global climate leader.
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To the publication, Haddad stated that the objective of the government’s ecological transformation plan is to show that the planet is capable of reconciling an ambitious sustainability agenda with an ambitious economic and productive agenda.
The magazine also cites the issuance of sustainable sovereign bonds promoted by the Brazilian government, one of the policies that, for the Timewould only put Brazil on the same page as its neighbors, after the presidency of Jair Bolsonaro (PL).
The creation of a carbon market, as discussed in the National Congress, would place the country among the nations that are at the forefront of green finance.
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For the cover of the edition that features the list of the 100 most influential leaders in the climate and finance areas, Time chose World Bank President Ajay Banga, who took office with the “aspiration to make it less risky for the private sector to invest in the energy transition in the Global South,” the publication described.
Banga recently signed an article with Haddad and the Minister of the Environment, Marina Silva (Rede), in which they highlighted the Tropical Forest Forever Fund (TFFF) project, an initiative launched by the Brazilian government during COP28 in the Arab Emirates that seeks to facilitate a financial mechanism linked to a reward for countries to keep their forests protected.
The article was published in October, while the three were meeting in Washington, during the annual meetings of the International Monetary Fund (IMF) and the World Bank.
