Brazil's Potential for Energy Transition Investment Growth by 2030
Key Ideas
- Brazil aims to increase investment to 20% of GDP by 2030, focusing on energy and mining for the energy transition.
- The country targets attracting $366 billion in investments by 2030, creating 3 million jobs in the energy and mining sectors.
- Brazil is rapidly progressing in renewable energy projects and is set on developing green hydrogen initiatives to strengthen its global leadership in essential inputs production.
- Local capital markets need to be developed to support critical mineral projects, with a focus on financing availability for junior mining companies.
Brazil is poised to boost investment to 20% of GDP by 2030, with a particular focus on the energy and mining sectors to support the ongoing energy transition. Joaquim Levy, current director of the economy area at Banco Safra, highlighted the potential for Brazil to become a global leader in critical minerals production like lithium, copper, and nickel. The country is eyeing investments totaling $366 billion by 2030, aiming to create 3 million jobs. Key stakeholders such as Miguel Nery and Julio Nery Ferreira emphasized the significance of developing a local capital market to back critical mineral projects, especially those led by junior mining companies. Brazil's progress in renewable energy projects and its emphasis on green hydrogen initiatives are essential for advancing its position in the global market. The country's emergence as a protagonist in technological innovation and the transition to a green economy was underscored by Ferreira, who highlighted the essential role of mining in decarbonization, climate change mitigation, and the development of renewable energy technologies.
Topics
Policy
Renewable Energy
Investment
Energy Transition
Job Creation
Green Economy
Technological Innovation
Mining Sector
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