Financing Climate and Nature Together: AIIB’s Climate Strategy in Brazil and Beyond

In this episode of Climate Rising, Erik Berglöf, Chief Economist at the Asian Infrastructure Investment Bank (AIIB), shares how this relatively young multilateral development bank is helping emerging economies finance climate and nature-based solutions. Erik discusses AIIB’s approach to climate policy—including infrastructure decarbonization, green finance, and biodiversity credits—and offers a behind-the-scenes look at its work with Brazil, including its $1B climate policy loan and support for the landmark Tropical Forest Forever Facility. Erik explains the importance of integrating nature and climate in development finance, the need for finance ministries to lead coordination, and how countries like Brazil are using platforms like Eco Invest to blend public and private capital for nature and resilience projects. This episode is part of our Global South series, which also includes episodes with JSW Steel, Tata Power from India and re.green, a carbon offsetting platform from Brazil. Visit climaterising.org for more.