FinanceInternationalTRENDING

Brazil’s Just Energy Transition Law: A Global Threat To The Climate.

Brazil Just Energy Transition Law has been released recently. This law will allow Brazil to use and subsidize coal as an energy source until 2040. Experts claim that this is against the climate and consumers as it's moving away from promoting climate-friendly fuel usage. This law will benefit the coal producers in Southern Santa Catarina state. Under previous policies, Brazilian subsidies for thermal coal-powered plants are available till 2027. Whereas the three large plants in Santa Catarina are expected to end by 2025. Richard Baitelo, project coordinator at the Institute Of Energy and Environment says "this is bad news for consumers and the environment". Coal produces about 3% of all power in Brazil. Whereas almost 50% of electricity comes from renewable sources like wind and hydro en...

Read More