The President of the National Development Bank, Aloisio Mercadante, highlighted the positive results of the institution’s participation in the United Nations Climate Change Conference (COP28)Which is held in Dubai, United Arab Emirates. He highlighted in a video clip the signing of a memorandum of cooperation with the World Bank that could generate one billion US dollars to finance green hydrogen production.
Mercadante also stated that the European Development Bank will invest 300 million euros in Brazil’s transition to a sustainable economy.
We also received with Minister Marina [Silva, do Meio Ambiente] Another very important non-refundable donation from the UK. “Once we arrive in Brazil, we will make new, very strong announcements with other international partners.”
Furthermore, he highlighted the availability of resources for reforestation and restoration programs in the Amazon region, seeking to sequester billions of tons of carbon dioxide. Mercadante reiterated BNDES’s commitment to environmental sustainability and Brazil’s leadership in international forums, such as the G20, BRICS and the future COP30, which will be held in Belém, Pará.
Emily Brontë is a journalist and feature writer specialising in culture, entertainment, literature, and current affairs. She is dedicated to producing clear, accurate reporting that helps readers stay informed about developments in the UK and around the world.
