Haddad is one of Time’s 100 most influential climate leaders in business.

The Minister of Finance, Fernando Haddad, appears on the list of 100 climate leaders most influential in business of 2024, published this Tuesday (12) by Time magazine.

According to the publication, the issue of finance has proven unavoidable when it comes to climate, at a time when decision-makers, executives, researchers and innovators are working to help unlock financing and resources to drive action in the area.

In the text dedicated to Haddad, Time catalogs the minister as the “force” behind the president’s mission Luiz Inácio Lula da Silva in transforming Brazil into a global climate leader. Upon publication, the minister stated that the objective of the government’s ecological transformation plan is to demonstrate that the planet is capable of reconciling an ambitious sustainability agenda with an ambitious economic and productive agenda.

The magazine also cites the issuance of sustainable sovereign bonds promoted by the Brazilian government, one of the policies that, for Time, would put Brazil on the same page as its neighbors, after the presidency of Jair Bolsonaro. The creation of a carbon market, as discussed in Congress, would place the country among the nations that are at the forefront of green finance.

Most prominent leader

For the cover of the edition that presents the list of the 100 most influential leaders in the areas of climate and finance, Time chose the president of the World Bank, Ajay Banga, who took office with the “aspiration of making it less risky for the sector private sector to invest in the energy transition in the Global South,” the publication described.

Banga recently signed an article with Haddad and the Minister of the Environment, Marina Silva, in which they highlighted the Tropical Forests Forever Fund (TFFF) project. Tropical Forest Forever Fund), initiative launched by the Brazilian government during COP28 in the United Arab Emirates.

The action seeks to enable a financial mechanism linked to a reward for countries to keep their forests protected.

The article was published in October, while the three met in Washington, during the annual meetings of the International Monetary Fund (IMF) and the World Bank.