Sector guide Distinct natures - not everything is credit
Recycling, waste and the circular economy: where the public money is
The verified public instruments for recycling and the circular economy - Fundo Clima, blended finance, R&D and reverse logistics as both obligation and opportunity.
| Nature | Sector page: public credit, blended finance, R&D support and reverse-logistics obligations - distinct natures |
| Source of funds | BNDES, Fundo Clima, the Treasury and development agencies, depending on the instrument |
| Where to apply | BNDES, financial agents or program selection, depending on the instrument |
| Status | Instruments verified against official sources on February 11, 2026 |
Public credit
- Fundo Clima - Green Industry: expressly covers the recovery of waste from electrical and electronic equipment, batteries, photovoltaic cells and wind turbines - see the Fundo Clima page (in Portuguese);
- Fundo Clima - Green Services and Innovation: environmental technologies and services, on the same page;
- BNDES Finem - Environment - Reduced use of natural resources and materials: financing for projects that promote eco-efficiency, use inputs from recycled or renewable sources (sugarcane excluded), or are aimed at the production and/or use of biogas, biomethane, low-carbon hydrogen, energy storage and domestic production of mineral and organic fertilizers.
- Modernization of eligible facilities and equipment follows the general lines of the BNDES Navigator sweep (page in Portuguese).
Blended finance - a mixed structure, not ordinary credit
- Eco Invest Brasil: a Treasury program with BNDES that uses public funds to attract private capital to ecological-transformation projects - see the Eco Invest Brasil page (in Portuguese).
Research, development and innovation
- Finep: development of recycling technologies, under the agency's own modalities;
- FNDCT: research and innovation according to current application plans;
- Lei do Bem: eligible R&D for companies under the Real Profit regime - requirements on the Lei do Bem page (in Portuguese).
Reverse logistics - a legal obligation, not an incentive
- The National Solid Waste Policy (Law No. 12,305/2010) imposes reverse logistics on sectors such as packaging, batteries, tires, lubricating oils, lamps and electronics - structuring collection and recovery chains is a requirement for these sectors and a business opportunity for operators.
Segments that usually qualify
- Plastic, paper, glass and metal recycling; copper and aluminum recovery;
- Recycling of batteries, electronic boards, solar panels, wind equipment and vehicles;
- Industrial waste treatment, composting and biogas production.
Sources
BNDES Financing Navigator; Fundo Clima page at BNDES; Law No. 12,305/2010 (Planalto) - all checked on February 11, 2026. Final conditions depend on each instrument's rules.
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