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BNDES, Brazil’s Largest Bank, Will Cut Financing Coal- & Oil-Fired Power Plants

BNDES, the largest development bank in Brazil, announced this week it will significantly reduce the financing of power plants using coal or oil for generating electricity. The announcement this Monday is part of a growing effort to discourage carbon-intensive energy projects. BNDES released a new set of guidelines for public financing in the power sector. The [&hellip BNDES, Brazil’s Largest Bank, Will Cut Financing Coal- & Oil-Fired Power Plants was originally published on CleanTechnica.
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