BRASILIA, April 20 (Reuters) – Germany is going to contribute around 700 million euros ($824.74 million) to projects related to climate change \u200cand sustainable mobility in Brazil, Brazil’s state development bank \u200cBNDES said on Monday.<\/p>\n
President Luiz Inacio Lula da Silva, who will conclude a two-day \u200bvisit to Germany on Tuesday, had first announced a tranche of 500 million euros from Germany to a climate fund managed by BNDES.<\/p>\n
The fund aims to support studies and finance projects focused on mitigating climate \u200cchange, he said in \u2060a press conference with his German counterpart earlier in the day.<\/p>\n
The two countries also signed a second declaration \u2060of intent providing for another 200 million euro investment in mobility, according to the statement released by BNDES later.<\/p>\n
The second partnership aims to finance \u200band implement \u200bsustainable transport solutions to support \u200bgreener and more efficient mobility \u200csystems, the bank said.<\/p>\n
Lula said Brazil was willing to discuss alternative energy sources with Germany and that he was “an unwavering advocate of biofuels”.<\/p>\n
The Brazilian president added that Germany could benefit from Brazil’s renewable\u2011energy expertise and that officials from both countries would work to implement the \u200cdecisions taken on Monday, without giving further \u200bdetails.<\/p>\n
Biofuels can reduce greenhouse\u2011gas emissions while making \u200buse of existing fuel \u200binfrastructure. The blend of biodiesel with conventional diesel in \u200cthe fuel sold in gas \u200bstations can also help \u200bto lower costs, particularly by reducing dependence on fuel imports.<\/p>\n
Brazil, one of the world\u2019s leading biodiesel producers, showcased a new \u200bbiofuel in Hanover, Germany, \u200cas part of Lula’s visit.<\/p>\n
($1 = 0.8499 euros)<\/p>\n
(Reporting by Lisandra Paraguassu \u200bin Brasilia and Isabel Teles in Sao Paulo; editing \u200bby Barbara Lewis and Aurora Ellis)<\/p>\n","protected":false},"excerpt":{"rendered":"BRASILIA, April 20 (Reuters) – Germany is going to contribute around 700 million euros ($824.74 million) to projects…\n","protected":false},"author":2,"featured_media":6073,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[5991,387,1359,5,5830,5861,5990,5989,5988],"class_list":{"0":"post-6072","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-germany","8":"tag-bndes","9":"tag-brazil","10":"tag-climate-change","11":"tag-germany","12":"tag-hanover","13":"tag-luiz-inacio-lula-da-silva","14":"tag-mitigating-climate-change","15":"tag-state-development-bank","16":"tag-sustainable-mobility"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/6072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/comments?post=6072"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/6072\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media\/6073"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media?parent=6072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/categories?post=6072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/tags?post=6072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}