Brazil counts on COP27 to attract investments in green energy

Brazilian participation in the United Nations Conference of the Parties on Climate Change (COP27) begins this Tuesday. The country will take advantage of the opportunity to show the world its potential to generate clean and cheap energy: the so-called “green energy”, generated in a 100% renewable way, so as not to pollute the environment.

The COP27 began on Sunday (6) and brings together, until November 18 in Sharm El Sheikh, Egypt, official representatives of the government and civil society to discuss ways to face and adapt to climate change.

The main focus of the debates is the new report of the Intergovernmental Panel on Climate Change (IPCC), which analyzes the vulnerabilities, capacities and limits of the world and society to adapt to climate change.

Brazilian participation

According to the Minister of the Environment, Joaquim Leite, in an interview with the program A Voz do Brasil, the meeting will be a good opportunity to attract foreign investors interested in exploring all this potential.

“Because of its natural and economic characteristics, Brazil has potential in this sector,” said the minister. According to him, the main objective at COP27 will be “to bring you the Brazil of green energy”, bring “climate financing and accelerate this entire green economy together with the private sector.” “What we want is for the private sector to scale up a new green, emission-neutral economy until 2050,” he said.

During the interview, Leite said that the Brazilian energy potential for power generation on land, with wind, solar and biomass plants, is 100 GW.

“To understand the size of this potential, Brazil currently produces 180 GW. It is a very expressive volume of renewable and clean energy that we can transform into green hydrogen and green ammonia for export,” said the minister, referring to these fuels that, because they are not harmful to the environment, have been arousing growing interest abroad. .

50 Itaipus

The minister said that there are also offshore wind farms. They are wind turbines that can be installed in the sea. “There is a potential of 700 GW. This corresponds to what would be generated by 50 Itaipu power plants. Brazil is the country of green energies and will be able to supply them to the whole world”, he said. The Itaipu hydroelectric plant was built in partnership with Paraguay, in southern Brazil.

The benefits for the country go further and involve an entire supply chain and industries that, by settling in the national territory, will be able to take advantage of this “green and cheap” energy. “That is the great differential of Brazil, and this will be the COP of Brazilian green energy”, he said. Just like wind and solar power, the energy generated from biomass is also considered renewable, when from the garbage of the countryside and/or cities.

According to the Ministry of Environment, the Brazilian energy matrix stands out with a renewable rate of 84%, compared to 27% of the world average. Solar and wind panels broke production records in 2022, with 14 GW and 22 GW respectively. “Together, these two sources are enough to provide clean energy to more than 40 million Brazilians,” the ministry said in a note posted on its website.

Area management offshore

Joaquim Leite said that, given the high volume of requests for the installation of wind farms in the sea, the government has acted to facilitate authorizations, establishing a single digital platform for the management of areas in the sea, which may increase interest foreigner to make investments in the country.

“In Ibama [Instituto Brasileño de Medio Ambiente y Recursos Naturales Renovables] We already have approximately 169 GW requested for the installation of offshore wind farms. This volume of requests requires a single platform, because it is not only Ibama that authorizes it. There are several other bodies, such as fishing and defense areas. So we needed to speed up this process to license these areas. We have already designed an interministerial ordinance with the aim of bringing an entire digital structure to streamline the concession processes of these areas”, said the minister.

The installation can be done economically in shallow areas, common in the Northeast Region, 20 or 30 kilometers from the coast. “We will be able to install weathervane platforms in the sea at a distance that does not harm tourism. In addition, these platforms improve the situation of marine fauna. The Northeast does not have an abundant marine fauna because there is no shade protection and these structures will bring shadows to the sea, increasing the marine fauna”.

cheap maintenance

In addition to the constant wind, the Brazilian Northeast has another favorable characteristic for this type of project: the low occurrence of storms, which, according to the minister, makes equipment maintenance cheaper, making this type of project even more attractive.

“The world looks at this opportunity because Brazil is a country with a large coastal area, very important because there are no storms. Then the wind turbine is installed with the certainty that it will be cheaper to maintain than in other regions, such as the North Sea, in Europe, where there are constant storms. Brazil probably has the cheapest cost of offshore wind energy,” said the minister.

Leite also said that the investment calculated by a consultant to explore the potential of 700 GW of wind turbines in the Brazilian sea is R$ 1 billion.

“All of this will generate income, economic activity and cheap energy, at a time when the world is concerned about energy security. So, the companies will probably move to Brazil, because clean energy is not lacking here, in addition to the fact that we have the security of a plural energy matrix. Here they will be able to develop industries with the guarantee that energy will never be lacking, and what is better: clean energy”, he said when describing the content that the Brazilian delegation will present at COP27.

Brazil counts on COP27 to attract investments in green energy