Switched On
Brazil Harnesses Natural Capital to Fuel Green Future
May 8, 2024
Brazil's potential in green hydrogen production, EV adoption, and Amazon forest's role in carbon markets are discussed by BloombergNEF's James Ellis and Vinicius Nunes. Brazil's clean energy goals, investments, and influence in the global energy transition sector are highlighted, along with insights on renewable energy policies, Amazon preservation, carbon markets, and sustainable business models.
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Quick takeaways
- Brazil is focusing on transitioning to renewable energy sources to become a clean energy powerhouse.
- The country's competitive wind capacity enables low-cost electricity and positions it for green hydrogen production.
Deep dives
Renewable Energy Transition in Brazil
Brazil is focusing on transitioning to renewable energy sources with ambitions to grow the share of renewable energy. The country's electricity is already 90% clean, utilizing large hydro assets alongside wind and solar generation. Foreign direct investment from European utilities is supporting the growth of renewable energy projects in Brazil.
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