Brazil in ground-breaking renewables pledge

Brazil has signed onto an agreement to triple renewable energy globally by 2030 and shift away from using coal, the country’s Foreign Ministry said.

In Brazil, the capacity to generate renewable energy corresponds to 84%, higher than the world average of 38%. Due to investments, the share of solar energy in the Brazilian energy matrix reached 6.9% and wind energy, 10.9%.

In 2021, Brazil registered a historical record in free-market power plants expansion, with more than 3 GW installed. And 75% of the plants implemented were wind and photovoltaic.

Brazil’s embassy in Abu Dhabi said in a letter to the United Arab Emirates’ Foreign Ministry that it would join the deal titled the “Global Renewables and Energy Efficiency Targets Pledge.” Brazil’s Foreign Ministry confirmed the country has decided to join the pact.

Currently more than 80% of the country’s electricity comes from renewable sources, led by hydropower with solar and wind energy expanding rapidly.

The draft renewable energy pledge commits to “the phase down of unabated coal power,” including ending financing for new coal-fired power plants.

Coal makes up just over 1% of Brazil’s electricity, according to official statistics.

It also includes a pledge to double the global annual rate of improving energy efficiency to 4% per year until 2030.