What's new in Brazil's energy bill?

Brazil's Senate approved a wide-ranging energy bill on Thursday that establishes a regulatory framework for offshore wind energy projects while including unrelated amendments promoting polluting energy sources like coal and natural gas.

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How much energy does Brazil need to achieve net zero?

However, to keep on track for net zero, Brazil will need to invest over $1.3 trillion in its low-carbon energy supply across 2024-2050, including $0.5 trillion in renewables.

Will Brazil throw away the meaning of the energy transition?

Brazil could receive an estimated BRL 2 trillion in investments towards the green economy over ten years. "We are not going to throw away the meaning of the energy transition. This country has already thrown away too many opportunities. We cannot throw away opportunities. We need to bear in mind that we have everything.

Is Brazil a potential market for green hydrogen production?

Brazil is a potential market for green hydrogen production. In August 2024, the country passed its eagerly anticipated clean hydrogen law, with BNEF estimating the country could produce the lowest-cost green hydrogen globally. Biomass creates an opportunity for a clean steel industry.

How many hydrogen projects are there in Brazil?

"We already have 27 gigawatts of hydrogen projects registered with the Ministry of Mines and Energy, which will bring in BRL 200 billion in investment. With the projects that we are making feasible and that are not in the PAC, we will increase this number even more and present it to Brazil," he said.