This document discusses the potential for impact investing to foster bioenergy development in Brazil. It notes that Brazil has high renewable energy potential from biomass sources like residual crops and dedicated energy crops. However, the market for advanced biomass technologies has not gained momentum due to factors like the popularity of hydroelectric power and high capital costs. The document suggests that Brazilian biomass projects may be attractive for impact investors seeking social and environmental outcomes, as about 30% of impact investments target Latin America and 15% target clean energy. Impact investors may be more likely to invest in biomass projects than traditional investors due to their consideration of measurable social and environmental impacts alongside financial returns.