Latin America is facing a two-pronged challenge: double power generation by 2050 while reducing greenhouse gas emissions. The only solution? Green energy.
Brazil’s rush to build hydroelectric dams, refineries, railways, ports and other megaprojects since the last decade, not only at home but in other countries as well, has been fueled by the sheer volume of financing from its development bank.
Paulo de Oliveira drives a taxi in the northern Brazilian city of Altamira, but only when he is out of work in what he considers his true profession: operator of heavy vehicles like trucks, mixers or tractor loaders.
Central America, a place of abundant wind and sunshine, is still chained to thermal power and large-scale hydroelectricity and has failed to include local communities in clean, environmentally-friendly and less invasive projects.
The formal opening of the BRICS Bank in Shanghai on Jul. 21 following the seventh summit of the world’s five leading emerging economies held recently in the Russian city of Ufa, demonstrates the speed with which an alternative global financial architecture is emerging.
Ethnocide, the new accusation leveled against the Belo Monte hydroelectric dam, brings to light deeper underlying aspects of the conflicts and controversies unleashed by megaprojects in Brazil’s Amazon rainforest.
Small-scale fisherpersons were among the first forgotten victims of mega construction projects like the Belo Monte hydroelectric dam on the Xingú River in the Brazilian Amazon.
Just days ahead of a summit of the BRICS group of emerging economies (Brazil, Russia, India, China and South Africa) in which the five countries are expected to formally launch their New Development Bank (NDB), 40 NGOs and civil society groups have penned an open letter to their respective governments urging transparency and accountability in the proposed banking process.
Some argue that the sustainable use of biodiversity is the best alternative for local development in the area surrounding the enormous Belo Monte hydroelectric dam, now that the construction project is entering its final phase on the Xingú River in Brazil’s Amazon jungle.
Nicholas Suchecki Guillén is blind. His dream was to visit the Panama Canal expansion works, touch the cement structures, and feel part of this new period of history in his country.
As the leaders of the BRICS five meet in the Russian city of Ufa for their annual summit Jul. 8–10, their agenda is likely to be dominated by economic and security concerns, triggered by the continuing economic crisis in the European Union and the security situation in the Middle East.
“People don’t know what ‘fracking’ is and there is little concern about the issue because it’s not visible yet,” said Gabino Vicente, a delegate of one of the municipalities in southern Mexico where exploration for unconventional gas is forging ahead.
Extensive public health infrastructure and the eradication of malaria will be the most important legacy of the construction of the Belo Monte hydropower dam in Brazil’s Amazon jungle for the population affected by the megaproject.
“Now we realise what a paradise we live in,” said Darcirio Wronski, a leader of the organic cacao producers in the region where the Trans-Amazonian highway cuts across the Xingú river basin in northern Brazil.
According to new data released by the World Bank Tuesday, investments in infrastructure in 139 emerging economies shot up to 107.5 billion dollars in 2014, with just five countries – Brazil, Colombia, India, Peru and Turkey – accounting for 73 percent of the total.