Investments in sustainable infrastructure may possibly reach R$ 3.5 trillion in Brazil by 2040, according to a study by the Prosperity Fund, a cooperation fund between the United Kingdom and other countries. The study named “Opportunities for Sustainable Infrastructure Investments” lists eight sectors that can create about 2.4 million jobs and add R$ 4.5 trillion to the country’s Gross Domestic Product (GDP), namely: low carbon energy, public lighting, sanitation, waste, ports and waterways, telecommunications and urban transport. The study says that Brazil should expand support for regulatory agencies, as well as adjust the policy for granting subsidies, and expand the use of public-private partnerships in municipalities as to attract private capital to fill gaps. That would help to reduce capital costs and make projects more financially sustainable. The study points out that clean energy and telecommunications projects can attract almost R$ 2 trillion and create about 1.72 million jobs.
Source: Reuters (*Translated by Ia Niani)