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climate change

Germany and Brazil join forces on Climate Change

Germany and Brazil have taken a joint stance on climate change, putting the largest economies in Europe and Latin America on the same page ahead of global climate talks in Paris in December.

Chancellor Angela Merkel and Brazilian President Dilma Rousseff focused mainly on environmental cooperation during a 24-hour visit by the German leader that was also aimed at boosting trade and investment in Brazil’s stagnant economy.

Rousseff stated “We agreed on common actions to deal with one of the most important challenges of the 21st Century,” She said Brazil is committed to reducing deforestation in the Amazon to zero by 2030. Rousseff declared Brazilian support for de-carbonising the global economy by the end of the century.

Putting money behind its commitment, the German government announced 550 million euro’s ($615.78 million) in financing for environmental and clean energy programs in Brazil. Germany’s Development Ministry will provide Brazil 525 million euro’s ($588 million) in loans to fund the development of renewable energy sources and to preserve tropical forests.

Germany also donated 23 million euro’s ($25.7 million) to help Brazil establish a rural land registry aimed at enhanced monitoring of deforestation.

Source Reuters

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