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.
Brazil still does not produce even 1% of its biomethane production potential, which can reach 100 million m³/day. Currently, there are ten biomethane plants in Brazil, located in Ceará, Rio de Janeiro, São Paulo and Paraná, but the perspective is for growth, including for export.
The issue of decarbonization is crucial for our future. Global warming is a real threat, and if we don't take action to curb carbon emissions, the planet will face catastrophic consequences. But what is the path to decarbonization?
What is the role of bioenergy in achieving net zero emissions? Bioenergy currently accounts for two-thirds of renewable energy consumption worldwide and 12% of final energy consumption.
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%.
The energy transition is the process of migrating from energy production based on fossil fuels, such as oil and coal, to a cleaner generation, investing in renewable sources, such as wind, solar and biomass generation.
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.
In order to decarbonize the energy matrix, many countries create a carbon market with the objective of allowing the purchase and sale of excess credit for emission reductions between companies or between companies and nations. This makes it easier for countries to meet their reduction targets.