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Brazil wants to nationalize production of green technologies, says Finance advisor

Government wants to make companies produce renewable technologies instead of Brazil exporting its wealth

Brazil wants to nationalize production of green technologies, says Finance advisor

João Resende, special advisor to the Ministry of Finance. Photo: Tiago Mendes/Disclosure

O Federal government whether participate in the global energy transition with highs investments in green energy, but in a way in which the most of the wealth generated stays in Brazil e benefit national industrialization. 

“We don’t want to be exporters of sun and wind from a solar panel made in China with coal, with an electrolyzer made in Germany, and transported on a ship made in Singapore and replicating 500 years of extractive economy with no added value”, said João Paulo de Resende, special advisor to the Ministry of Finance.

The speech took place during the opening of the Competitive Brazil Congress, held on Friday (27). O The event aimed to address the country's new industrial policy and green future of the sector, in addition to discussing the main challenges for financing the Brazilian climate agenda.

According to Rezende, the idea of ​​the Federal Government is to make large multinationals choose to produce their renewable technologies in Brazil rather than the country remain “exporting Brazilian subsidies to clean up the electricity production matrix of Germany, FranceTwo United States, for them to produce green industrial goods”, he stated.

For him, the smartest way to participate in the global energy transition process is to get the world's great powers to come and produce industrialized goods in the country. 

“The main solution that we want to sell to the world is a (Brazilian) industrial product with a zero carbon footprint”, he highlighted. “That’s why we are talking to Germans, Americans, English, French, Saudis, among others”, he highlighted. 

O advisor, who represented the Minister of Finance, Fernando Haddad, also questioned demands for public investment in new technologies, such as the production of green hydrogen, which requires millions of reais to create and is still in the research phase.

“It's as if Saudi Arabia said 'I need to put money from other sectors into oil production so we can be competitive' (…) If there's one thing that can be said to be competitive, it's clean energy. That's our trump card. It’s time to take advantage of the opportunity”, stated Resende.

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.

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