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)

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

In the cold desert of Ladakh, where it hardly rains, engineer Sonam Wangchuk created the ice stupa, a tower that freezes winter water and stores it for irrigating crops in the spring, a simple engineering feat that mimics nature.

Júlia Pimentel, an 11-year-old from Minas Gerais, independently invented a new formula to calculate the square root using simple addition and multiplication, and her method was published in one of the most important mathematical scientific journals in Brazil.

They planted a sea of eucalyptus to produce cellulose, but the monoculture turned into a green desert, dried up springs and rivers, and pushed families out of regions in Minas Gerais and Bahia.

The Atacama Desert, the driest place on Earth, was covered in flowers and turned into a colorful carpet with more than 200 species in the phenomenon called “desert bloom,” when atypical rains awaken seeds that had remained dormant in the soil for many years.

Without her own home and pressured by rent, a 25-year-old bought a small 15-meter boat, gradually renovated the interior by herself, transformed the interior with paint, new flooring, a larger bathroom, and started living on the canals, paying much less per month.

Heir bought 23,000 degraded acres in the Scottish Highlands, fenced the area, planted nearly 1 million native trees, and transformed empty mountains into a forest officially recognized after meeting 15 evaluation criteria over 20 years.

A city has planted 880,000 trees and 2.5 million smaller plants since 2016, reduced the temperature by up to 3°C in some areas, and won an international award for using vegetation to combat urban heat in Colombia.

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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

In the cold desert of Ladakh, where it hardly rains, engineer Sonam Wangchuk created the ice stupa, a tower that freezes winter water and stores it for irrigating crops in the spring, a simple engineering feat that mimics nature.

Júlia Pimentel, an 11-year-old from Minas Gerais, independently invented a new formula to calculate the square root using simple addition and multiplication, and her method was published in one of the most important mathematical scientific journals in Brazil.

They planted a sea of eucalyptus to produce cellulose, but the monoculture turned into a green desert, dried up springs and rivers, and pushed families out of regions in Minas Gerais and Bahia.

The Atacama Desert, the driest place on Earth, was covered in flowers and turned into a colorful carpet with more than 200 species in the phenomenon called “desert bloom,” when atypical rains awaken seeds that had remained dormant in the soil for many years.

Without her own home and pressured by rent, a 25-year-old bought a small 15-meter boat, gradually renovated the interior by herself, transformed the interior with paint, new flooring, a larger bathroom, and started living on the canals, paying much less per month.

Heir bought 23,000 degraded acres in the Scottish Highlands, fenced the area, planted nearly 1 million native trees, and transformed empty mountains into a forest officially recognized after meeting 15 evaluation criteria over 20 years.

A city has planted 880,000 trees and 2.5 million smaller plants since 2016, reduced the temperature by up to 3°C in some areas, and won an international award for using vegetation to combat urban heat in Colombia.

Brazil to Hold First Auction for Batteries to Store Solar and Wind Energy from the Northeast

Brazilian scientists are simultaneously advancing two research projects on clean hydrogen and driving solutions that could transform the energy matrix, enhance industrial competitiveness, and accelerate large-scale emission reduction targets.

Advancement in renewable energy: A R$ 150 million project launched by Petrobras and Finep aims to create state-of-the-art electrolyzers for green hydrogen, strengthening national research and preparing Brazil to compete in a billion-dollar energy market.

Illiterate or semi-literate grandmothers were trained to repair solar systems, open rural workshops, and light up homes that still depended on kerosene.

The world has bet on green hydrogen as the fuel of the future, but now faces the side effect: producing 1 kilogram requires about 9 liters of ultrapure water, and the largest projects on the planet are precisely in the driest regions of the Earth, where water is already scarce for people.

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Chemical Contamination Prompts 90-Day Emergency Declaration in Bahia After Polluted Beach in Salvador Shows Stains and Odor, Fishing Alert Issued

3-Year-Old Discovers 3,800-Year-Old Egyptian Amulet Near Site of Biblical David and Goliath Battle

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