Brasil, campeón en las energías renovables

Brazil's Renewable Energy Potential and Cooperation with Europe

Brazil's Ambition in Clean Energy

• Brazil aims to lead the fight against climate change, leveraging its vast potential for clean energy with 27 gigawatts of solar and wind installations.

• By 2030, Brazil is projected to increase its renewable energy capacity tenfold, positioning itself as a major producer of solar energy in Latin America.

Latin America's Renewable Energy Landscape

• Latin America has the potential to become a global leader in renewables, with countries working on projects that could yield around 320 gigawatts by 2030.

• Currently, renewable resources account for 33% of total energy supply and 61% of electricity generation in the region, primarily from hydroelectric, solar, and wind sources.

Strategic Cooperation Between Europe and Latin America

• Dr. Daniela Araujo discusses the significant political will from both CELAC (Community of Latin American and Caribbean States) and the European Union to strengthen sustainable development through energy cooperation.

• Key challenges include ensuring developed nations fulfill their commitments to mobilize $100 billion for climate financing between 2020 and 2025.

Trade Policies Impacting Renewable Projects

• The dialogue will also focus on trade policies related to carbon emissions rights and tariffs that may initially affect exports from Latin America but ultimately support a green transition.

• There are ongoing discussions needed to foster sustainable trade relations between both regions amidst these new policies.

Challenges Facing Renewable Energy Development

• Dr. Araujo identifies financial resource availability as a primary bottleneck for energy transformation; many governments lack liquidity for investment in renewable infrastructure.

• Emphasizing international cooperation is crucial for mobilizing necessary funds from private sectors and public entities to overcome these challenges.