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.
In 2022, Brazil reached a record in the generation of electricity from renewable sources. Hydroelectric, wind, solar and biomass plants were responsible for 92% of the electricity produced in the country. In addition to being clean and inexhaustible, renewable sources are also more sustainable and help reduce greenhouse gas emissions. The transition to renewable energy is essential for decarbonization and reducing social impacts.
In 2022, even with increased energy demand in some countries, emissions from the energy sector are expected to decrease. The data is from the International Energy Agency (IEA) Electricity Market report, which points to a drop in overall global electricity demand of 2.4%. Thus, the values should pull emissions from the energy sector down, pointing to a decline of 0.5%.
Part of the large Brazilian companies have already understood the importance and relevance of ESG goals within organizations. Increasingly, environmental, social and governance issues become priorities with internal changes and even compensation programs for executives linked to the achievement of goals.
The latest report by the Intergovernmental Panel on Climate Change (IPCC) states that the mitigation measures needed to tackle climate change are urgent. The IPCC is a UN climate advisory body and was created in 1988 by the United Nations Environment Program and the World Meteorological Organization. Its objective is to monitor and disseminate relevant research related to climate change.