Lodi Valley News.com

Complete News World

The United Nations says Brazil leads foreign investment in renewable energy

The United Nations says Brazil leads foreign investment in renewable energy

The entity’s report shows that the country received US$114.8 billion from 2015 to 2022; It represents 11% of total investments in emerging countries

Report from UNCTAD (United Nations Conference on Trade and Development) shows that Brazil was the country that received the largest amount of international investment in renewable energy projects in the past seven years.

According to the document, the country received $114.8 billion between 2015 and 2022. This amount represents 11% of total foreign investments in countries whose economies are classified as “emerging.” here complete Report (PDF – 3 MB, in English).

The report shows that the regions that received the most investment in Brazil were:

  • research and development;
  • Batteries for electric vehicles; that it
  • Sustainable agriculture.

Brazil is internationally recognized for its potential in the renewable energy sector and its natural conditions are conducive to the entry of foreign capital.

According to the Ministry of Mines and Energy83% of its Brazilian electrical matrix consists of renewable sources such as hydroelectricity, wind, and solar energy. In addition to progress in the energy transition, the country still has great growth potential.

In the first four months of the year, Brazil added 3.3 GW to its energy matrix. Of this amount, 49.15% came from wind farms and 39.17% from solar energy.

Vietnam was the second country that received the largest number of international investments in the renewable energy sector in emerging countries. The Asian country received 10% of the total, equivalent to about 106.8 billion US dollars in that period. Followed by Chile, India and Kazakhstan.

See also  BC servers decided to go on strike to adjust salaries

Among Latin American countries, Brazil and Chile benefited most from foreign investment in this period. Mexico, Colombia and Argentina occupy the top five places in the region in terms of the amount of international capital invested in this sector.