RENEWABLE ENERGY SET TO BOOST BRAZIL’S GDP BY BRL 465 BILLION OVER TEN YEARS, STUDY FINDS

A study by Itaú Unibanco and FGV suggests that expanding renewable energy in Brazil could increase GDP by BRL 337-465 billion by 2035. Decarbonization is projected to mobilize BRL 295 billion in investments, create up to 1.9 million jobs, and return up to BRL 1.57 to the economy for every BRL 1.00 spent. The report highlights productive and environmental gains, such as growth in Northeastern solar and wind farms and integrated farming systems that raise productivity while capturing carbon. It positions Brazil to lead in the low-carbon transition, with major potential in energy, transport, construction, steel, and agriculture, enhanced by regulations, markets, and investors.
Source: Reuters / RPA News (*Translated by Ia Niani)