In a significant move, Brazil's Ministry of Mines and Energy, led by Minister Alexandre Silveira, announced a $1 billion investment for decarbonizing the industry through hydrogen hubs worldwide. The partnership with Climate Investment Funds (CIF) will provide low-cost financing to support projects in the hydrogen sector. This initiative aims to leverage international partnerships, including a collaboration with the United Kingdom, to advance low-carbon hydrogen projects. The announcement was made during the Clean Energy and Innovation Mission Ministerial in Foz do Iguaçu (PR). Minister Silveira emphasized the importance of integrating production, storage, and transportation in the hydrogen hubs to enhance competitiveness and meet both local and global demands. The plan aligns with Brazil's three-year work plan 2023-2025 and the National Hydrogen Program (PNH2) to establish low-emission hydrogen hubs by 2035. The public hearing for low-carbon hydrogen projects is expected to attract proposals that focus on decarbonizing challenging industrial sectors. By structuring these hubs, Brazil aims to position itself as a competitive player in the global hydrogen market. The event saw the participation of key figures like CIF CEO Tariye Gbadegesin and UK Climate Minister Kerry McCarthy, signifying the international importance of Brazil's hydrogen initiative.