FGV Discusses The Role Of Renewable Energy In The Brazilian Energy Transition

Learn What the Role of Renewable Energies Will Be in the Coming Years for the Brazilian Energy Matrix

In the debate, FGV argues that although the transformation of the global energy matrix, which is still based on the oil sector and whose industry defined the contemporary era, is accelerating, it will have profound consequences for the global order. It is already clear that each country will make the energy transition it can, knows how to, and fits into.

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Brazilian Energy Transition – The Role of Renewable Energies

There are many signs that the energy transition is gaining speed around the world. To discuss the subject, FGV Energia and the International Renewable Energy Agency (IRENA), with support from the EPBR agency, will hold the webinar “The Role of Renewable Energies in the Brazilian Energy Transition” on October 14.

The FGV event featured the participation of experts and was broadcast live starting at 6 PM on FGV’s YouTube channel. Although the transformation of the global energy matrix is accelerating, it remains based on the oil sector and the industry that defined the contemporary era, which will have profound consequences for the global order. It is already clear that each country will make the energy transition it can, knows how to, and fits into.

Brazil is the Main Driver of Renewable Energy Growth in Latin America

The Iberdrola group bets on a clean, reliable, and intelligent business model that replaces production from polluting sources with clean energy and intensifies the necessary decarbonization and electrification of the global economy. A vision from FGV that allowed us to anticipate the current energy transition by 20 years.

The fight against climate change is one of the most important challenges humanity must face in the 21st century, and involvement in the transition to a decarbonized economy based on renewable energies is a task for everyone. The minimum target of 32% of energy from renewable sources by 2030, set by the European Parliament and Council in the Renewable Energy Directive, is achievable.

However, this requires a scenario of high decarbonization and electrification of the economy, through the use of decarbonized fuels in hard-to-electrify niches.

But What About the Energy Transition in the World in Practice? FGV Experts Answered

Let’s break it down. First, where energy is consumed, according to FGV: industry, agriculture, transportation, buildings, and residences. Greenhouse gases are generated by burning fuel to, among other things, generate electricity, but also through livestock (the raising of animals alone generates 15% of the greenhouse gases released into the planet!), by using combustion engines fueled by oil derivatives for both transportation and industrial and agricultural processes, and through deforestation, which naturally sequesters carbon.

In Brazil, agriculture and deforestation account for 55% of greenhouse gas emissions. This 2018 report from the Renewable Energy Policy Network points out that most efforts to date have focused on emissions from the electricity sector, but other areas are equally important, such as forest conservation, building insulation, and the transportation sector, for example.