Mexico and Brazil will share US $500M in World Bank funds to decarbonize industry

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Mexico and Brazil will share US $500 million in World Bank funds aimed at decarbonizing industry. This catalytic financing is intended to attract larger investors by reducing investment risks, with Mexico alone expected to leverage US $1.68 billion in follow-on co-financing for climate-related projects.

The catalytic financing serves as bait to attract bigger investors by minimizing risk. In Mexico, the funding is expected to activate US $1.68 billion in co-financing for climate-saving projects. The post Mexico and Brazil will share US $500M in World Bank funds to decarbonize industry appeared first on Mexico News Daily