Brazil’s big bet on green tech to draw global cash

Brazil is rolling out its fifth Eco Invest auction with a $10 billion price tag, its largest green funding push so far. The government plans to split the money across six hot sectors: clean fertilizers, battery minerals, green fuels, smart factory tech, eco-friendly chemicals, and recycling old waste into new materials. Public cash from the Climate Fund kicks things off, but officials are flying to the U. S. , Europe and China to convince private investors to chip in. They’re offering matching deals—put in one dollar, and private partners can add up to two—plus extra loans to get projects moving.The catch is Brazil’s still ironing out rules for critical minerals and trying to lure data centers with clean power. Foreign bidders have until July to pony up at least 15% of each project’s costs. If the bets pay off, the Treasury gets a slice of the profits, giving taxpayers a potential return. At least half a percent of the total will fund startups and research, and each fund must team up with local scientists or bring in foreign tech to qualify.