Experts Say Oil Will Remain Central to Brazil's Energy Matrix Despite Transition to Renewables

Experts Say Oil Will Remain Central to Brazil’s Energy Matrix Despite Transition to Renewables

Written by Romário Pereira de Carvalho

Published on 23/08/2025 at 09:52

Updated on 23/08/2025 at 11:34

Foto: Reprodução

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At The Lide Business Forum, Experts Highlight That Brazil Can Advance Simultaneously in Oil and Renewables, Reinforcing Its Strategic Role in The Global Energy Matrix

The exploration of fossil fuels will continue to grow in Brazil, even amidst the expansion of renewable sources. This assessment was presented by representatives of companies and experts at the 24th Lide Business Forum, held this Friday (August 22, 2025) in Rio de Janeiro.

Energy Complementarity

Cristiano Pinto da Costa, president of Shell Brazil, stated that the country has unique conditions to advance on two fronts. “Brazil is one of the very few countries that can advance with both oil and biofuels. It’s not one or the other form of energy,” he said.

The most important thing, according to him, is to view the sector as complementary and not as competitors. Costa also warned of the risk of a decline in domestic production starting in the mid-2030s, if new areas are not explored.

ARTICLE CONTINUES BELOW

Historical Context

David Zylbersztajn, former president of the National Petroleum Agency, emphasized that the relevance of fossil fuels does not end with the energy transition.

“Oil surpassed coal as the primary global energy source in the 1960s. Even so, coal production in 2024 was four times that of 1960,” he recalled.

Therefore, according to him, history shows that older sources do not disappear quickly. The trend is for energy matrices to overlap over time.

Oil in Brazil: Competitive Advantage

Roberto Gianetti, head of Lide Foreign Trade, highlighted that Brazilian oil production has environmental differentials.

“Oil production in Brazil is a cleaner process than in other countries, with a smaller carbon footprint,” he stated.

In his view, this could be an important competitive advantage for Brazil to gain space in the international energy market.

Business Forum

The event brings together political and business leaders at the Fairmont Hotel. The program began at 8:30 a.m. with the presidents of parties such as PL, PSD, PP, PT, and União Brasil. At 9:30 a.m., Minister André Mendonça from the Supreme Federal Court gave the opening lecture.

Additionally, the closing lecture will feature Minister Alexandre de Moraes, also from the STF. Throughout the day, four panels were scheduled from 8:30 a.m. to 5:45 p.m.

With information from Poder 360.

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Experts Say Oil Will Remain Central to Brazil’s Energy Matrix Despite Transition to Renewables

At The Lide Business Forum, Experts Highlight That Brazil Can Advance Simultaneously in Oil and Renewables, Reinforcing Its Strategic Role in The Global Energy Matrix

Energy Complementarity

Historical Context

Oil in Brazil: Competitive Advantage

Business Forum

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Experts Say Oil Will Remain Central to Brazil’s Energy Matrix Despite Transition to Renewables

At The Lide Business Forum, Experts Highlight That Brazil Can Advance Simultaneously in Oil and Renewables, Reinforcing Its Strategic Role in The Global Energy Matrix

Energy Complementarity

Historical Context

Oil in Brazil: Competitive Advantage

Business Forum

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

Under nearly 2 kilometers of ice in Antarctica, scientists have discovered an ancient landscape sculpted by rivers up to 60 million years ago, the size of Wales, preserved as a time capsule that could help predict the advance of ice towards the ocean.

She started by collecting oyster shells from restaurants and today she has already accumulated more than 10 tons to restore reefs, recover coastal habitats, and demonstrate how a common waste can become a tool for ocean conservation.

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