Brazil is one of the four countries with the greatest potential for development and leadership of a green industry, alongside China, the United States and Russia.
This is the conclusion of a new report produced by University Johns Hopkins, in the United States, which highlights that the abundance of renewable resources, reserves of critical minerals and the existing industrial base can place the country among the leaders of the energy transition of the 21st century.
The study was conducted by Industrial Policy Laboratory NetZero of the institution and assesses Brazil's technological and political landscape in seven sectors critical to the global green economy projected for 2050, highlighting competitive advantages, areas for development and the need for targeted and data-driven public policies.
The critical sectors analyzed are:
- Critical minerals;
- Batteries;
- Hybrid electric vehicles with biofuels;
- Sustainable aviation fuels;
- Production of wind energy equipment;
- Low carbon steel;
- Green fertilizers.
After researchers analyzed green industrial policies in different geographies and the competitive presence in the global market, Brazil appears to have a high capacity for the production and export of energy, materials and technology. However, there are positive and negative points to be worked on, namely:
- Untapped potential: Brazil has renewable resources, biofuel production capacity and an existing industrial base that position it as a potential major producer and exporter of energy, materials and green technology;
- Strategic investments: It is essential to carefully prioritize the allocation of resources, balancing the volume of investments with critical sectors that can gain a competitive advantage;
- Gaps in public policies: Despite its promise, the New Industry in Brazil (NIB) needs more clarity and focus on investments to achieve significant impact. The report points out that the US$60 billion allocated runs the risk of being spread across too many priorities;
- Collaboration is key: The study reinforces the importance of investment in education and partnerships between universities, the private sector, and civil society to promote innovation, as in existing models in the oil industry, among others. Petrobras and Coppead/UFRJ.
According to the study, although Brazil has the necessary foundation to emerge as a green superpower and has made progress with recently implemented measures, more focused public policies and sector-specific strategies are needed to unlock the country's full potential.
For Tim Sahay, co-director of the Net Zero Industrial Policy Laboratory of the University Johns Hopkins, the The study's findings come at a time when Brazil is preparing to host the 30th United Nations Climate Conference, COP 30, in November this year in the city of Belém (PA).
“Our main conclusion is that Brazil can be a first-order power in this new energy order, but it needs to act quickly to respond to this green industrial scenario or it risks losing its chance to transform its world-class resource and manufacturing base into a lasting and diversified industrial development,” said the researcher.
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