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Brazil and Germany strengthen green economy partnerships

May, 25, 2023 Posted by Gabriel Malheiros

Week 202324

Developing new partnerships in the green economy was one of the main topics discussed during a bilateral meeting held on Tuesday, May 23rd. The meeting took place between the Executive Secretary of the Ministry of Development, Industry, Trade, and Services (MDIC), Marcio Elias Rosa, and the Executive Secretary of the Federal Ministry for the Environment, Nature Conservation, Nuclear Safety, and Consumer Protection (BMUV) of Germany, Stefan Tidow. The discussions revolved around topics proposed by both governments, such as international environmental policy, climate, circular economy, and the so-called green economy.

Brazil-Germany Cooperation

The bilateral meeting served to strengthen bilateral efforts on development, which is expected to be intensified. Germany has been a longstanding partner to Brazil regarding environmental matters. Therefore, according to the Executive Secretary, it is now time to further advance cooperation in green hydrogen production and industrial decarbonization.

Ongoing Projects

Currently, Brazil and Germany cooperate through the “Bilateral Program of Technical and Financial Cooperation.”

Some of its ongoing fronts include:

• Type I Environmental Labeling (Green Seal) for products and services from the Brazilian bioindustry (Green Economy);

• Circular economy for sustainable production chain management;

• Energy efficiency in the bar and restaurant sector;

• Sustainable infrastructure: developing a methodology based on circular economy principles for certifying the carbon footprint incorporated in cement and asphalt used in public contracts;

• Sustainable economic development in the Amazon region and other biomes of Brazil;

• Bio-pharmaceuticals;

• Herbal medicines.

Trade in Goods and Investments

Germany is one of Brazil’s most important trading partners, ranking as the 4th largest partner, with a trade volume of €17.3 billion in 2022. Germany is the 11th largest annual destination for Brazilian exports (€5.7 billion) and the 4th largest source of imports (€11.6 billion). Brazilian exports to Germany grew by 32% in 2022 compared to 2019, increasing from €4.33 billion to €5.75 billion.

Imports from Germany to Brazil also increased by 17% in 2022 compared to 2019, rising from €9.98 billion to €11.75 billion. Germany was previously the 7th largest investor in Brazil in terms of investment stock, but it currently ranks 11th.

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