GC Solar 23.61 GW GD Solar 53.65 GW
News

Brazil is the sixth country in the world that has invested the most in energy transition

In 2023, the country invested around US$34,8 billion in decarbonization policies and technologies, points out BloombergNEF

Brazil is the sixth country in the world that has invested the most in energy transition

View of the Sol do Cerrado solar energy plant, one of the largest in Brazil. Photo: Vale/Reproduction

O Brazil it was the sixth country in the world that has invested the most in energy transition and the leader in Latin America, according to BloombergNEF report. 

The study highlighted that the country invested around US$2023 billion in 34,8 in promoting renewable energy, electric vehicles, hydrogen, carbon capture, among other solutions.

Globally, the volume of investments in clean solutions amounted to approximately de US $ 1,8 trillion last year – a record number even in a year marked by geopolitical turbulence, high interest rates and cost inflation.

In 2023 the China was the country that led investments global energy transition with US$675,9 billion, followed by the United States, Germany, the United Kingdom and France.

According to the document of BloombergNEF, emerging areas such as hydrogen have seen global investment triple in recent years. Carbon capture and storage has almost doubled, while energy storage has increased by about 76%.

BloombergNEF report lists the ten countries that invested the most in energy transition. Image: Canal Solar

At the beginning of this year, the MME (Ministry of Mines and Energy) and the IEA (International Energy Agency) signed a joint work plan to help accelerate the energy transition.

The plan aims to develop studies, produce public policies and exchange data to promote renewable energy, such as solar and wind. The agreement also provides mechanisms to finance sources such as green hydrogen.


all the content of Canal Solar is protected by copyright law, and partial or total reproduction of this site in any medium is expressly prohibited. If you are interested in collaborating or reusing part of our material, please contact us by email: redacao@canalsolar.com.br.

Henrique Hein
About the Author
Henrique Hein

He worked at Correio Popular and Rádio Trianon. He has experience in podcast production, radio programs, interviews and reporting. Has been following the solar sector since 2020.

Comments

Comments are moderated before publication.

Comments should be respectful and contribute to a healthy debate. Offensive comments may be removed. The opinions expressed here are those of the authors and do not necessarily reflect the views of the author. Canal Solar.

Leave your comment

Canal Solar
Privacy

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognizing you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.