EN 
PT_BR 
According to a global study carried out by KPMG, Chile, Brazil and Argentina were the three South American countries among the 25 with the best performance in the search for reducing greenhouse gases.
The search “Net Zero Readiness Index 2021” pointed out that the country with the best position is Chile, in 16th, with Brazil in 18th and Argentina in 22nd position.
Manuel Fernandes, co-leader of Energy and Natural Resources for the Americas, highlighted that Brazil is working to diversify its green energy sources.
“The Norwegian energy group Equinor made the country the location of its first solar farm, built in 2018, and applied to build an offshore wind farm near Rio de Janeiro”, he explained.
“In March 2021, the Enegix also announced that it would build the world's largest green hydrogen plant in Ceará, which will use solar and onshore wind to create hydrogen,” Fernandes added.
Obstacles to Net Zero
However, in the expert's view, Brazil's work to achieve Net Zero is being hampered by deforestation and forest fires in recent years throughout the Amazon forest.
He reported that a study published in the scientific journal Nature in April 2021 found that some areas of the world's largest rainforest are net emitters of carbon dioxide due to the loss of trees.
Transport
According to the study, Brazil performs relatively well in transport – where it is ranked 12th, in part due to obligations to blend biofuels with standard vehicle fuels, for example.
“The country mainly uses sugar cane to produce ethanol, soybeans for biodiesel and around 70% of gasoline vehicles can only run on ethanol. However, the growth of biofuel crops has been linked to deforestation,” KPMG reported.
“Another issue is that many trucks, which the country depends on for freight, use diesel. Therefore, more investments will be needed to change this”, emphasized Fernandes.
Net Zero Commitments
Ultimately, the report concluded that many companies are committing to reducing carbon emissions, but while some, including Brazilian mining group Vale, have detailed plans – in their case, becoming carbon neutral by 2050, in part through the use of an internal carbon price – others are less clear.
“These commitments from large companies are important, but we still need to see much more detail about how they are doing this”, concluded the executive.
World ranking
Below is the ranking of the 25 countries, in order of best performance, in the search for Net Zero: Norway, United Kingdom, Sweden, Denmark, Germany, France, Japan, Canada, New Zealand, Italy, South Korea, Spain, Hungary, United States United States, Singapore, Chile, Australia, Brazil, Poland, China, Malaysia, Argentina, Mexico, Turkey and the United Arab Emirates.
