Global Disparity in Clean Energy Investments: Urgency for Brazil's Green Hydrogen Projects
Key Ideas
  • 85% of the $2 trillion clean energy investments are in developed countries, raising concerns about global disparity.
  • Brazil urged to accelerate green hydrogen projects to avoid a split in energy systems and combat global warming.
  • Abundance of clean energy resources in Brazil offers a major advantage for green hydrogen production.
  • International Energy Agency calls for increased investments in Brazil to align with global decarbonization goals.
The International Energy Agency reports that out of the $2 trillion global clean energy investments in 2024, a substantial 85% is concentrated in developed countries, leaving only 15% for the rest of the world, despite this group representing 65% of the global population. This disparity is a major concern for the agency’s executive director, Fatih Birol, who emphasizes the urgency to address this issue. Birol highlights the risk of creating two separate energy systems—one clean and the other dirty—that will ultimately both suffer the consequences of global warming. Brazil, with its vast clean energy resources, particularly in green hydrogen, is seen as a key player in global decarbonization efforts. Birol stresses the need for Brazil to expedite investments in green hydrogen to maximize its potential advantage in this area. This call to action comes amidst a growing trend of increased investments in clean energy projects worldwide, underscoring the importance of bridging the investment gap to ensure a more balanced and sustainable global energy transition.
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