In a news article about the BRICS bank, the New Development Bank (NDB), Professor Fabrício Stocker discusses the institution’s role in the climate agenda.
Professor Stocker points out that the NDB leadership is aligned with the Brazilian government regarding the climate agenda. He argues that Brazil may benefit in terms of investment due to this alignment and the fact that the country is working to gain credibility with international partners.
The New Development Bank (NDB), also known as the BRICS Bank, has been under the command of former Brazilian president Dilma Rousseff since April 2023. The ascension of President Rousseff to the bank’s leadership became an opportunity for Brazilian media to detail to the public the BRICS main objectives. In a news article published on the UOL news portal, Fabrício Stocker, (FGV EBAPE) highlights the NDB’s importance in the fight against global warming.
Professor Stocker points out that NDB can help countries comply with multilateral environmental protection agreements. Professor Stocker mentions as an example of this role the agreement signed during COP27 held in 2022 to create a fund to support vulnerable countries in addressing damages caused due to climate change.
Professor Stocker points out that the NDB leadership is aligned with the Brazilian government regarding the climate agenda. He argues that Brazil may benefit in terms of investment due to this alignment and the fact that the country is working to gain credibility with international partners.
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