World Bank Group Backs transformation of Energy-Intensive Industries in Brazil
Brazil, Sept. 15 -- The World Bank Group is supporting Brazil in a landmark effort to decarbonize high value-added and energy-intensive industries by helping the country translate its renewable energy matrix into a competitive advantage for industrialization and employment opportunities. Implemented in partnership with the Banco Nacional de Desenvolvimento Economico e Social (BNDES), the initiative targets key industrial and energy value chains, including steel, cement, chemicals, aluminum, and low-carbon fuels. It is designed to accelerate the deployment of new technologies, crowd in private sector financing, and position Brazil as a global reference for industrial transformation.The operation consists of a US$1 billion International Bank ...
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