Side effects of the energy transition in Brazil
In recent weeks, São Paulo has been featured as the most polluted metropolis in the world. The haze enveloping the city of 11.4 million inhabitants originates from the smoke of wildfires ravaging the country and from atmospheric pollution. In this dramatic context, amid terrifying news about the growing number of climate migrants, the need for more sustainable energy sources is impossible to ignore. Poliana Dallabrida reports. Brazil represents a vibrant market for investment in energy transition projects. In 2023, the country was ranked sixth among the top 10 economies for such investments, following China, United States, Germany, UK and France. The country saw USD 34.8 billion injected into projects, nearly all of it in renewable energy ventures, according to data from the research firm Bloomberg NFE. Last week, the company’s global head of energy transition described Brazil as the ‘golden girl’ of the global energy transition. In the first year of his third term, President Lula da Silva announced investments of R$ 50 billion to implement the country’s largest energy transition programme, focusing on the …
In recent weeks, São Paulo has been featured as the most polluted metropolis in the world. The haze enveloping the city of 11.4 million inhabitants originates from the smoke of wildfires ravaging the country and from atmospheric pollution. In this dramatic context, amid terrifying news about the growing number of climate migrants, the need for more sustainable energy sources is impossible to…
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