Brookfield Drops 3.23% Amid Brazil Climate Fund Talks

On July 29, 2025, Brookfield's stock experienced a 3.23% drop in pre-market trading.

Brookfield is actively involved in discussions with global investors, including TPG and Brookfield, to raise nearly $40 billion for climate-related projects in Brazil. This initiative is part of Brazil's efforts to accelerate green finance ahead of hosting the 30th United Nations Climate Change Conference (COP30) in November.

Under increasing fiscal pressure, the Brazilian government, led by President Luiz Inácio Lula da Silva, has been pushing for private sector investments in the country's climate agenda. The latest move involves the National Development Bank (BNDES) leading a fund-raising effort to support climate projects.

Brookfield and TPG are major investors in low-carbon economy transition projects and have close ties with Alterra, the world's largest private climate investment fund. Alterra was launched during COP28 in Dubai in 2023, with an initial commitment of $300 billion from the UAE government. Brookfield and TPG manage funds seeded by Alterra, which can be invested in countries like Brazil.

Brazil's push for private investment comes as some wealthier nations reduce development financing, including the previous administration of U.S. President Donald Trump, which was skeptical of climate change. Brazil has issued sovereign bonds linked to sustainable development goals and launched the "Eco Invest Brazil Program" to lower project risks, making it easier for private investors to participate.