Germany investing 82 million euros for sustainable development projects in Brazil

According to the Ministry of Agriculture, 40.4 million euros will be contributed to projects related to sustainable agriculture. Brazil and Germany have signed technical and financial cooperation agreements to encourage sustainable development, with a contribution of 81.9 million euros per year by the European government, the Ministry of Agriculture reported on Monday (2).

Most of the funds will go to the bioeconomics incentive (14 million euros), while forest protection, environmental restoration and reforestation in the Atlantic Forest will receive 13.1 million. The Amazon, whose burning and increase in deforestation this year caused great international outcry, will directly receive 7.5 million euros, intended for innovation in the region’s agricultural production chains, the ministry said.

According to the note, 5.8 million euros will be earmarked for implementation activities of the Rural Environmental Registry (CAR).