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المقال

19 مايو 2022

الكاتب:
Julia Neiva, Fernanda Drummond Pinheiro, Alexandre Andrade Sampaio para GREFI

Brazil: Civil society analyses the human rights impacts of the BRICS New Development Bank's wind power project

Conectas Direitos Humanos

[Translated by the Business & Human Rights Resource Centre]

"Impacts of the First NDB Project in Brazil" - May 2022

The Araripe case in Brazil shows that the BRICS Bank is following the path of the "old financial institutions": it finances projects that do not respect local populations and human rights.

Since its creation, the NDB (New Development Bank), the bank of the BRICS - a bloc of countries formed by Brazil, Russia, China and South Africa - tried to differentiate itself from the "old financial institutions" by providing resources for infrastructure projects aligned to a sustainability agenda...Following the guidelines established in its Constitutive Agreement, the NDB tried to count on the expertise of governments and their development banks to support projects supposedly with low risk of social and environmental impacts. In the case of Brazil, the BNDES (National Development Bank) fulfilled this intermediary role, taking NDB resources and lending them to Brazilian companies...In 2016, the NDB structured its first loan portfolio, with the approval of seven projects with a total value of $1.7 billion, $300 million of which was earmarked for financing renewable energy projects in Brazil.

One of the projects financed was the Araripe III Wind Power Complex. According to information from the BNDES itself, the company Casa dos Ventos Energias Renováveis S.A. received 67.3 million dollars for the construction of one of the largest complexes of this type already installed throughout Latin America. Inaugurated in 2017, the Ventos do Araripe III Complex is located in Chapada do Araripe, a plateau located on the triple border of the states of Ceará, Piauí and Pernambuco. This enormous geographical feature, about 180 km long and possessing a multi-biome composed of Atlantic Forest, caatinga and, above all, cerrado features, was historically inhabited by indigenous peoples and traditional communities, for whom the Chapada do Araripe was a single territory...