Alternatively, cash transfer programmes could be used to compensate low-income households. The Energy Expansion Plan 2022 envisages maintaining the reliance on renewables (Section 1). Investment has focused on large hydropower plants, which received most of the BNDES’s environment-related lending in 2008-14 (Figure 2). Local content rules, a condition for BNDES financing, have led to the creation of a wind power industry in Brazil, although this form of industrial protection could harm the sector’s competitiveness in the long run.