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Brazil is reducing its dependence on oil and gas, a study says

Brazil is reducing its dependence on oil and gas, a study says

The country is showing significant progress towards the energy transition

June 25
2024
– 4:36 pm

(Updated at 4:45 p.m.)

A report by Energy Research (EPE), in collaboration with the Ministry of Mines and Energy, shows that the share of fossil fuels in the country’s energy matrix has declined in the past decade, highlighting the progress Brazil has made towards the energy transition.

The data indicate a decrease in the share of oil and its derivatives from 39.2% to 35.1% and natural gas from 13.5% to 9.6%.

“Reducing dependence on fossil sources reflects our ongoing efforts to promote the renewal of the national energy sector. In recent years, our public policies and strategic investments have driven the growth of alternative sources such as solar, wind and biomass. This transformation significantly contributes to Reducing greenhouse gas emissions.

By tapping into its vast natural potential and thanks to a renewable energy matrix of more than 80%, Brazil is positioning itself as an emerging leader in the global energy transition, according to a World Economic Forum report published this week. .

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