Brazil Is the Big Bet in Green Energy Production: By 2040, the Country's Renewable Energy Market Could Generate Over $124 Billion, Reveals McKinsey

Brazil Is the Big Bet in Green Energy Production: By 2040, the Country’s Renewable Energy Market Could Generate Over $124 Billion, Reveals McKinsey

Written by Ruth Rodrigues

Published on 31/01/2023 at 19:25

Fonte: Blue Sol

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Brazil Has Abundant Green Energy Sources, Therefore It Becomes a Great Bet in Renewable Energy Production.

The renewable energy, carbon, energy, and biobased markets are expected to generate more than US$ 124 billion in Brazil by 2040. For green hydrogen, the estimate for the country is approximately US$ 20 billion. The projections made by consulting firm McKinsey show that Brazil is one of the major bets when it comes to renewable energy, as the country has abundant green energy sources such as hydropower, biomass, wind, and solar. Furthermore, experts believe that Brazil could be an important ally in the production of green hydrogen, regarded as the fuel of the future.

Aiming for green energy production, the goals have been set. The renewable energy sector in Brazil is the great bet

The UN (United Nations), by 2030, defined 17 Sustainable Development Goals. Among them, there is a target that encourages the promotion of universal access, free and affordable prices for renewable energy.

“If we think more broadly, we have this tendency towards the decarbonization of the global economy. In my assessment, we can even discuss the speed with which it will happen, but it is an irreversible trend,” pointed out João Guillaumon, partner at McKinsey.

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An Important Factor Was Left Aside: Which Countries Will Be the Contributors? Who Will Foot the Bill?

The event concluded with the creation of an international fund to assist the most affected countries by climate change, but the fund only exists on paper, as it was not defined which countries would contribute to the amount.

“What is important is that there are resources, and that this fund effectively receives resources so that it does not remain just a bureaucratic decision,” expressed Pedro Côrtes, professor at the Institute of Energy and Environment at USP.

With the growing interest in the ESG agenda, there is also an increase in investors interested in the theme.

Vitor Souza, an analyst in the electric and sanitation sector at Genial Investimentos, points out that in Brazil there are many publicly traded companies with clean and renewable energy sources. “So those that operate with dirty energy are more of an exception than the rule,” he adds.

Brazil Is the Big Bet in Green Energy Production: By 2040, the Country’s Renewable Energy Market Could Generate Over $124 Billion, Reveals McKinsey

Brazil Has Abundant Green Energy Sources, Therefore It Becomes a Great Bet in Renewable Energy Production.

Aiming for green energy production, the goals have been set. The renewable energy sector in Brazil is the great bet

An Important Factor Was Left Aside: Which Countries Will Be the Contributors? Who Will Foot the Bill?

Libya built over 4,000 kilometers of underground pipelines to bring water from the Sahara to coastal cities in a project that the government itself called the Eighth Wonder of the World.

Desert sand, previously discarded for being too smooth for concrete, becomes an ecological brick in the United Arab Emirates, dispensing with Portland cement, curing at room temperature, and attempting to transform dunes useless for construction into raw material for a new arid engineering.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Toyota launches “family hybrid van” with 7 or 8 seats, 1.8 hybrid engine, fuel consumption of up to 23.8 km/l, and a price equivalent to about R$ 104,000 without taxes, below the Tiggo 8 Pro Plug-in Hybrid sold in Brazil: meet the Noah Hybrid 2026 in Japan.

Chinese woman planted trees for decades while sand buried part of her house, received $5,000 from an American in 1999, and helped transform the desert into a forest of 8 million trees in China.

Described by astronauts as one of the most unlikely natural phenomena on Earth, the Okavango Delta spreads over up to 15,000 square kilometers in the middle of the desert and transforms Botswana into a living labyrinth of channels, islands, and flooded areas.

Petrobras and SENAI open 480 spots in free technical courses with a scholarship of up to R$ 858, meal allowance, and training in Mechanics, Welding, Metallurgy, and Industrial Automation to meet the growing demand of the industry and the oil and gas sector.

New free RG in Brazil requires only three documents, replaces CPF as a single identity, and prompts the government to accelerate biometrics: over 55.8 million have already issued the new CIN, with QR Code, Gold access on GOV.BR, and free issuance in all states.

As Havan approaches 200 megastores in Brazil, the city of São Paulo still has no unit; Luciano Hang attributes the absence in the country’s largest metropolis to bureaucracy and explains why the network’s expansion prioritized inland municipalities.

Researchers create reusable brick walls that can be dismantled and rebuilt elsewhere, like Lego pieces, to reduce construction waste and cut emissions by up to 60%.

Man enters college at 70 years old and earned a bachelor’s degree, several master’s degrees, received the last diploma at 90, and became the oldest graduate in the history of a system with 23 universities.

Brazil Is the Big Bet in Green Energy Production: By 2040, the Country’s Renewable Energy Market Could Generate Over $124 Billion, Reveals McKinsey

Brazil Has Abundant Green Energy Sources, Therefore It Becomes a Great Bet in Renewable Energy Production.

Aiming for green energy production, the goals have been set. The renewable energy sector in Brazil is the great bet

An Important Factor Was Left Aside: Which Countries Will Be the Contributors? Who Will Foot the Bill?

Libya built over 4,000 kilometers of underground pipelines to bring water from the Sahara to coastal cities in a project that the government itself called the Eighth Wonder of the World.

Desert sand, previously discarded for being too smooth for concrete, becomes an ecological brick in the United Arab Emirates, dispensing with Portland cement, curing at room temperature, and attempting to transform dunes useless for construction into raw material for a new arid engineering.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Toyota launches “family hybrid van” with 7 or 8 seats, 1.8 hybrid engine, fuel consumption of up to 23.8 km/l, and a price equivalent to about R$ 104,000 without taxes, below the Tiggo 8 Pro Plug-in Hybrid sold in Brazil: meet the Noah Hybrid 2026 in Japan.

Chinese woman planted trees for decades while sand buried part of her house, received $5,000 from an American in 1999, and helped transform the desert into a forest of 8 million trees in China.

Described by astronauts as one of the most unlikely natural phenomena on Earth, the Okavango Delta spreads over up to 15,000 square kilometers in the middle of the desert and transforms Botswana into a living labyrinth of channels, islands, and flooded areas.

Brazilian scientists are simultaneously advancing two research projects on clean hydrogen and driving solutions that could transform the energy matrix, enhance industrial competitiveness, and accelerate large-scale emission reduction targets.

Advancement in renewable energy: A R$ 150 million project launched by Petrobras and Finep aims to create state-of-the-art electrolyzers for green hydrogen, strengthening national research and preparing Brazil to compete in a billion-dollar energy market.

Illiterate or semi-literate grandmothers were trained to repair solar systems, open rural workshops, and light up homes that still depended on kerosene.

The world has bet on green hydrogen as the fuel of the future, but now faces the side effect: producing 1 kilogram requires about 9 liters of ultrapure water, and the largest projects on the planet are precisely in the driest regions of the Earth, where water is already scarce for people.

Africa has about 500,000 cell towers and most still burn diesel to operate, while companies rush to cover antennas with solar energy and avoid signal blackouts.

Petrobras and SENAI open 480 spots in free technical courses with a scholarship of up to R$ 858, meal allowance, and training in Mechanics, Welding, Metallurgy, and Industrial Automation to meet the growing demand of the industry and the oil and gas sector.

New free RG in Brazil requires only three documents, replaces CPF as a single identity, and prompts the government to accelerate biometrics: over 55.8 million have already issued the new CIN, with QR Code, Gold access on GOV.BR, and free issuance in all states.

As Havan approaches 200 megastores in Brazil, the city of São Paulo still has no unit; Luciano Hang attributes the absence in the country’s largest metropolis to bureaucracy and explains why the network’s expansion prioritized inland municipalities.

Researchers create reusable brick walls that can be dismantled and rebuilt elsewhere, like Lego pieces, to reduce construction waste and cut emissions by up to 60%.

Man enters college at 70 years old and earned a bachelor’s degree, several master’s degrees, received the last diploma at 90, and became the oldest graduate in the history of a system with 23 universities.