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Brazil energy report
- Brazil targets for 2030 a share of 45-50% of renewables in its energy mix and a 53% cut in GHG emissions in 2030 compared to 2005.
- Eletrobras, the federal holding company, owns around 20% of the power capacity.
- Petrobras is responsible for over 2/3 of the oil output.
- Solar capacity soared by 60% in 2023 and is mainly led by micro and mini distributed PV.
- Renewables account for 89% of power generation, 61% of which is hydro.
- Crude oil production is increasing rapidly.
- Brazil is the second biofuel producer in the world after the US.
- Gasoline and diesel prices are close to the regional averages. Ethanol continues to be a cheap option.
- Electricity prices are among the highest in Latin America.
- After years of stability, total energy consumption is rising since 2021.
- Biofuels represent around 25% of road transport consumption.
- The country's consumption should double by 2050 and power consumption should triple.