The ITA (Industry Transition Accelerator, in Portuguese) opened a public call to receive projects that contribute to the decarbonization of Brazilian heavy industry.
According to the MDIC (Ministry of Development, Industry, Commerce and Services), Brazil will be the first country to count on resources from the global program, which is funded by Bloomberg Philanthropies and the United Arab Emirates.
Created in COP 28, in December 2023, ITA brings together global leaders from across industry, financial institutions and governments focused on unlocking investments to promote the rapid deployment of decarbonization solutions.
The priority is projects linked to the aluminum, cement, chemical products (including fertilizers), steel, aviation and maritime transport sectors. and ideally address the most emissions-intensive activities of these sectors (i.e. aluminum smelting, clinker production, ammonia production, steelmaking and marine fuel use).
Selected proposals may receive a contribution of € 3 million (R$ 21 million) for project development. The deadline for contributions is September.
Projects must employ technologies aligned with NET Zero, capable of achieving significant greenhouse gas reductions in the short term, with a clear path to achieving near-zero emissions by 2030.
“With ITA’s help, we will be able to identify and projects that will lead to decarbonization in our high-emission sectors, providing access to private investment and boosting industry and ensuring Brazil’s position as a leader in the global transition to clean energy,” declared Rodrigo Rollemberg, Secretary of Green Economy, Decarbonization and Bioindustry at MDIC.
“Given the great potential to decarbonize Brazil’s heavy industry and transportation sectors and take advantage of the new economic opportunities provided by the industrial transition, ITA is pleased to partner with the Brazilian government to accelerate its emerging portfolio of industrial projects greens”, said ITA executive director, Faustine Delasalle.
all the content of Canal Solar is protected by copyright law, and partial or total reproduction of this site in any medium is expressly prohibited. If you are interested in collaborating or reusing part of our material, please us by email: [email protected].
