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Brazil's Ministry of Mines and Energy on Monday unveiled details of a new plan that will support the coal industry in the country's southern states, where coal mines are major employers and coal-fired power plants provide significant generating capacity
by 2050.
According to the proposal posted on the ministry's website, the National Plan for the Sustainable Use of Mineral Coal aims to attract about R$20 billion ($3.
9 billion) in investment
over the next 10 years.
Brazil's Ministry of Mines and Energy has called for modernizing coal-fired power plants to improve their efficiency and allowing electricity from these generators to be sold until 2050, when the country plans to fully decarbonize
its power sector.
Critics, however, argue that Brazil is providing a "lifeline" to its coal industry, despite the world's scientists making it clear that the use of fossil fuels must be stopped to avoid the worst effects of
climate change.
Brazil's Ministry of Mines and Energy on Monday unveiled details of a new plan that will support the coal industry in the country's southern states, where coal mines are major employers and coal-fired power plants provide significant generating capacity
by 2050.
According to the proposal posted on the ministry's website, the National Plan for the Sustainable Use of Mineral Coal aims to attract about R$20 billion ($3.
9 billion) in investment
over the next 10 years.
Brazil's Ministry of Mines and Energy has called for modernizing coal-fired power plants to improve their efficiency and allowing electricity from these generators to be sold until 2050, when the country plans to fully decarbonize
its power sector.
Critics, however, argue that Brazil is providing a "lifeline" to its coal industry, despite the world's scientists making it clear that the use of fossil fuels must be stopped to avoid the worst effects of
climate change.
