In June 2023, Brazil became the second country to benefit from the Climate Investment Funds’ (CIF) Renewable Energy Integration program (REI). The country will access $70 million in highly concessional capital to finance clean energy integration solutions, accelerating an ambitious green energy transformation in Brazil. As part of the plan, the country is set to double renewable energy capacity, reduce emissions by at least 57 million tons of CO2 equivalent, accelerate large-scale hydrogen production, and advance clean energy access for millions of people. Brazil estimates that the funding will mobilize $9.1 billion from partners, which represents a co-financing ratio of 1:130.