Narrative

Brazil will seek to double its government and/or state directed investment in clean energy technology innovation over the next five years, focusing on renewable and clean energy technologies with the potential to reduce the cost, accelerate public and private partnerships for research, development, demonstration and deployment, and achieve meaningful scale to meet our energy security, economic prosperity, environment sustainability and climate change challenges.

The participation of renewables in the Brazilian energy matrix is around 45%, where the flagships are the sugar-cane ethanol and hydropower. The share of renewable energy sources in our electricity mix varies between 70% and 90%, which includes hydropower, biomass, wind power, and more recently, solar PV. In line with its goal to expand the use of renewable energy sources, Brazil intends that its total energy matrix reaches, by 2030, a share of 28% to 33% from renewable sources (electricity and biofuels) other than hydropower. Brazil also intends to increase the share of renewables – beyond hydropower – in its electricity generation mix to the level of at least 23% by 2030.

In 2015 the Brazilian Government spent approximately R$ 600 million (US$ 150 million) on clean energy technology research, development and demonstration activities. Brazil will seek to double this figure over the next five years. The full suite of low carbon technologies will be considered, including end use energy efficiency, renewable energy, biofuels, nuclear energy, electric grid technologies, carbon capture and storage and advanced transportation systems.