Today, December 1st, Brazil began its term as president of the G20, the influential group that brings together the nineteen main global economies, in addition to the European Union and the African Union. This period of leadership, which will last until November 30, 2024, marks the first time that the country has held such a position. During this year, Brazil's priority focus is to promote the transition to sustainable energy, drive changes in global governance and redouble efforts to combat inequality and hunger.
In 2023, energy transition and ESG practices have become central. Climate changes intensify extreme phenomena, demanding actions like decarbonization. CFOs, previously focused only on finances, are now pivotal in the transition, assessing emissions and energy efficiency. Brazil invests in renewable energies but faces regulatory challenges. Green hydrogen emerges as a solution, with Brazil poised to lead its production. Transition and ESG practices are imperative for a sustainable future.
Hydrogen, the most abundant element in the universe, promises to revolutionize the energy sector with its "colored" variants, such as gray, blue and green. Brazil innovates with "green and yellow" hydrogen, derived from ethanol. While there are challenges such as transportation, the opportunities are vast, from job creation to global strategic positioning. Hydrogen symbolizes hope for a cleaner, more sustainable future.
Discover the current scenario of the energy market in Brazil, with a focus on clean energy. Learn how the country is harnessing its potential in renewable sources such as wind and solar energy. Find out about the challenges faced and the measures needed to drive the transition to a more sustainable energy matrix.
Climate change is forcing companies to rethink their business models, with an increasing focus on clean energy and ESG (Environmental, Social and Governance) practices. The risk is clear, with extreme weather events costing the global economy $313 billion in 2022. Companies across industries are adapting their operations, from transitioning to wind and solar power to investing in water reuse systems and more weather-resistant equipment. climate. This transformation is linked to ESG, where environmental consideration has become a critical factor. The electricity sector is an example of rapid adaptation, with companies such as Enel drastically changing their business plans over the last decade, focusing on renewable energy generation.
Brazil can achieve carbon neutrality by 2050 through investments in renewable energy, transport electrification, and green hydrogen, as well as public policies and regulatory frameworks that encourage the energy transition.
Biomethane, a renewable fuel derived from organic waste, offers significant potential for Brazil to diversify its energy matrix while providing economic, social, and environmental benefits. By leveraging agricultural waste and animal manure as resources, biomethane production can reduce greenhouse gas emissions, support rural development, and improve energy security.