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
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Brasil é o sexto país do mundo que mais investiu em transição energética
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 in 2023 around US$ 34.8 billion in promoting renewable energy, electric vehicles, hydrogen, carbon capture, among other solutions.

Globally, the volume of investments in clean solutions amounted to approximately in 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 almost doubled, while energy storage increased by around 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.


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Picture of Henrique Hein
Henry 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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