Tuesday, 21st April 2026

Reuters

Germany is going to contribute around 700 million euros ($824.74 ​million) to projects related to climate change and sustainable mobility ‌in Brazil, Brazil’s state development bank BNDES [RIC:RIC:BNDES.UL] said on Monday.
President Luiz Inacio Lula da Silva, who will conclude a two-day visit to Germany on Tuesday, had ​first announced a tranche of 500 million euros from ​Germany to a climate fund managed by BNDES.
The fund aims ⁠to support studies and finance projects focused on mitigating climate change, ​he said in a press conference with his German counterpart earlier in ​the day.
The two countries also signed a second declaration of intent providing for another 200 million euro investment in mobility, according to the statement released by ​BNDES later.
The second partnership aims to finance and implement sustainable transport ​solutions to support greener and more efficient mobility systems, the bank said.
Lula said ‌Brazil ⁠was willing to discuss alternative energy sources with Germany and that he was “an unwavering advocate of biofuels”.