Brazilian development bank BNDES and the European Investment Bank (EIB) have come together to provide 300mn euros (US$322mn) in financing for water and waste projects in Brazil. Additionally, the two institutions are in talks to finance green hydrogen projects in Brazil, signaling a positive step towards sustainable energy practices. BNDES and EIB are also working on a critical minerals fund to invest in mining projects in Brazil, with an aim to support projects crucial for the energy transition and decarbonization efforts. This fund, initiated by BNDES and mining giant Vale, will have resources totaling up to 1bn reais (US$179mn) to facilitate exploration and development of minerals required for the energy sector and fertilizers. The collaboration is significant as it showcases a commitment to sustainable initiatives in Brazil's energy and environmental sectors.