Enviro News Asia, Hannover — The governments of Brazil and Germany signed a joint declaration outlining Germany’s intention to contribute up to €500 million (approximately R$2.94 billion) to Brazil’s Climate Fund, reinforcing bilateral cooperation on climate action and sustainable development.
The contribution will be channeled through the German development bank KfW to the Climate Fund, which is operated by Banco Nacional de Desenvolvimento Econômico e Social (BNDES) and overseen by the Ministry of the Environment and Climate Change.
The declaration was signed in Hannover during official engagements attended by Brazilian President Luiz Inácio Lula da Silva, including the Hannover Messe. The ceremony involved Brazil’s Environment and Climate Change Minister João Paulo Capobianco and Germany’s Minister for Economic Cooperation and Development Reem Alabali-Radovan, along with representatives from BNDES and KfW.
The initiative is part of a broader international effort that also includes Agence Française de Développement (AFD) and Cassa Depositi e Prestiti (CDP), aimed at supporting projects that reduce greenhouse gas emissions and enhance climate resilience in Brazil.
The Climate Fund serves as a key instrument under Brazil’s National Policy on Climate Change, financing projects related to energy transition, green industry, sustainable urban development, logistics, mobility, forest conservation, water resources, and green innovation.
Since 2023, the fund has mobilized approximately R$52.4 billion in investments. In 2025 alone, it leveraged R$34.6 billion from R$12.5 billion in approved projects, combining public and private financing to scale climate action initiatives.
Officials highlighted that Germany’s planned contribution reflects growing international confidence in Brazil’s ecological transformation strategy, which prioritizes technological innovation, bioeconomy, circular economy, and climate adaptation. (*)
