Corresponding to 2% of Brazil's Energy Generation, Coal Power Plants Will No Longer Be Funded by BNDES; Renewable Energy Sources Are Expected to Gain Priority

Corresponding to 2% of Brazil’s Energy Generation, Coal Power Plants Will No Longer Be Funded by BNDES; Renewable Energy Sources Are Expected to Gain Priority

Written by Fabio Lucas Carvalho

Published on 31/08/2021 at 23:28

Rio de Janeiro – Edifício sede do BNDES, Banco Nacional de Desenvolvimento Econômico e Social, no Centro do Rio. (Fernando Frazão/Agência Brasil)

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Thinking About Generating An Ever-Lesser Impact On The Environment, BNDES Will Stop Financing Coal Plants

Energy sources that depend on coal will no longer have an important partner for project development in the country. The National Bank for Economic and Social Development, BNDES, stated that it will stop financing energy sources that have a significant negative impact on the environment.

The announcement from BNDES comes amid the worst drought in 90 years. While hydropower plants are operating at reduced energy production capacity, coal thermal plants are being used to meet energy needs and prevent blackouts.

coal, energy, bndes — Photo of Mineral Coal. Photo: BNDES

Currently, Brazil has a total of 22 thermal plants, but they represent only 2% of all energy generated in Brazil.

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Corresponding to 2% of Brazil’s Energy Generation, Coal Power Plants Will No Longer Be Funded by BNDES; Renewable Energy Sources Are Expected to Gain Priority

Thinking About Generating An Ever-Lesser Impact On The Environment, BNDES Will Stop Financing Coal Plants

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Corresponding to 2% of Brazil’s Energy Generation, Coal Power Plants Will No Longer Be Funded by BNDES; Renewable Energy Sources Are Expected to Gain Priority

Thinking About Generating An Ever-Lesser Impact On The Environment, BNDES Will Stop Financing Coal Plants

The end of Nokia: the brand that was the cellphone of an entire generation has ended its smartphones, left Brazil, and today survives only in basic phones in India while seeking a new partner.

Dissatisfied with seeing people sleeping on the street, a man named Ryan Donais started building small mobile homes so that homeless people can escape the cold, each equipped with a bed, running water, electricity, and heating.

Cambodia has started digging a nearly 180-kilometer canal to connect the Mekong River directly to the sea and reduce its dependence on the ports of neighboring Vietnam.

China has put millions of electric cars on the roads, but now faces the side effect: more than 1 million tons of batteries are expected to go out of use per year by 2030, while the government expands tracking and combats illegal dismantling with environmental risks.

An Indonesian fisherman pulls a mysterious object from the sea and discovers that it is a Chinese underwater monitoring system, part of the so-called Underwater Great Wall that Beijing uses to track submarines and unmanned vehicles in strategic straits of the region.

Couple leaves traditional jobs, bets on a rare business, creates a frog farm with 100,000 giant frogs in 108 pens in the far west of Santa Catarina and is already projecting growth.

To shorten a crossing that is currently done by sea from five hours to half an hour, the Philippines is building a 32-kilometer bridge over the water connecting the provinces of Bataan and Cavite.

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