BNDES closes agreement at Hannover Messe with German development bank and European institutions, in Germany’s first contribution to the Climate Fund
The BNDES announced a fundraising of R$ 4.1 billion in Germany to finance the National Fund on Climate Change and green projects in Brazil, in an initiative negotiated at Hannover Messe, an industrial fair held in Hanover.
The contribution includes R$ 3 billion for the Climate Fund and R$ 1.1 billion for mobility projects, marking the first German investment in the fund, which already has a budget of R$ 27 billion by 2026, according to the statement.
What BNDES raised and how the money will be divided
The BNDES raised R$ 4.1 billion, equivalent to 700 million euros, in partnership with the German development bank and other European institutions. Of the total, R$ 3 billion will be directed to the Climate Fund and R$ 1.1 billion will support green mobility projects.
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The operation was presented as part of an effort to expand financing for initiatives associated with the ecological transition, focusing on reducing emissions and strengthening adaptation actions to climate change.
What is the Climate Fund and what is the role of BNDES
The Climate Fund, created in 2009, is an instrument of the National Policy on Climate Change. It is managed by BNDES and coordinated by the Ministry of the Environment, focusing on financing mitigation and adaptation projects.
In practice, the fund supports initiatives linked to a low-carbon economy, such as renewable energies, reforestation, and sustainable transportation, within a federal strategy for climate financing.
Who participates in the agreement closed in Germany
According to the information from the agreement, international partners involved include:
Kreditanstalt für Wiederaufbau (KfW), German development and investment bank
Agence Française de Développement (AFD)
Cassa Depositi e Prestiti (CDP)
Inter-American Development Bank (IDB)
The BNDES emphasizes that, with this type of cooperation, Germany seeks to contribute to reducing greenhouse gas emissions and support Brazil’s adaptation to the effects of global warming.
Budget of R$ 27 billion in 2026 and what changes in the scale of the fund
The text informs that the budget of the Climate Fund for 2026 is R$ 27 billion. Minister João Paulo Ribeiro Capobianco stated that the annual investments, which were around R$ 500 million between 2009 and 2023, have multiplied, reaching the current level.
In the presented view, this scale of resources aims to stimulate ventures in areas such as technological densification and bioeconomy, energy transition, circular economy, new industry, and resilient infrastructure and adaptation to climate change.
What Mercadante and the Ministry of the Environment said
The president of BNDES, Aloizio Mercadante, stated that the signing of the declarations at the industrial fair reinforces the government’s commitment to strengthening the historical cooperation with Germany and highlighted the role of the bank in the partnership.
Minister João Paulo Ribeiro Capobianco declared that Germany’s decision to invest around R$ 3 billion in the Climate Fund is a demonstration of credibility in investments related to the Ecological Transformation Plan.
Do you think that this fundraising from BNDES will accelerate green mobility and energy transition projects in Brazil as early as 2026?

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