Brazil will be the country with the lowest cost in the production of green hydrogen, becoming a protagonist in the global market. This is the assessment of Kobad Bhavnagri, Global Head Of Strategy, BloombergNEF.
According to the executive, Brazil has the potential to be highly competitive and become one of the main fuel exporters worldwide. The assessment was carried out during the “BNEF Forum: Harnessing Brazil’s energy transition potential”.
Luiza Demôro, global head of energy transitions at BloombergNEF, reaffirmed Bhavnagri's assessment and also highlighted that Brazil, in addition to being one of the cheapest producers of green hydrogen in the world, stands out when it comes to clean energy matrix.
The main objective of the event, held at BloombergNEF headquarters in São Paulo (SP), was to debate the energy transition in the world and explore opportunities for the Brazilian market.
BloombergNEF CEO Jon Moore explored this topic in his talk “The Energy Transition: Investments, Needs and Opportunities”. The executive presented the current scenario of the energy market in Europe, which has seen fluctuations in average energy prices due to the conflict between Russia and Ukraine.
This war scenario made European countries seek energy independence, bringing considerable structural changes. Moore assessed that the energy system will be built around renewables and trillions will be needed to invest to reach Net zero. This amount will be vital to make it possible to meet the demands of the global energy transition.
According to Moore, Brazil stands out in terms of clean sources, being an attractive market due to its electricity matrix, which has more than 80% renewable energy.
Sustainable Agriculture
During the event, it was also discussed how agribusiness, one of the main sectors of the Brazilian economy, can be environmentally and financially sustainable.
Participating in the discussion were Antonio Moreira Salles, co-founder of MANDI; Charton Locks, founder and director of Operations at Produndo Certo; Grazielle Parenti, Latam Head Business & Sustainability at Syngenta; and Ricardo Mussa, CEO of Raízen.
In the participants' assessment, Brazil needs to seek technologies that allow agriculture to produce more using less. “Farmers are looking for business to reduce operating costs. Brazil’s farms need technology to operate and we have to explore this”, highlighted Locks.
The executive also pointed out that agriculture spends a lot on energy and this type of cost can be reduced with the use of renewable energy, such as biomass and solar.
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