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Significance
Brazil has one of the cleanest energy matrixes in the world by international standards. However, the production of oil and oil derivatives continues to grow, and the country is now the eighth-largest producer in the world, with plans to expand production further in coming years.
Impacts
The government will continue to struggle to balance between environmental and hydrocarbons development imperatives.
The rise in output of lower-cost renewable energy could boost Brazil’s industrial competitiveness.
Climate change and increasing drought risk may undermine hydroelectric prospects.
Keywords:
Brazil,
LA/C,
economy,
industry,
climate,
energy,
environment,
foreign investment,
gas,
investment,
oil,
policy,
renewable energy,
Fossil fuels,
Renewable energy
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2024
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