Brazil Signs Global Climate Deal To Triple Renewable Energy

by | Nov 25, 2023 | Daily News, Environmental News

Home » Environmental News » Brazil Signs Global Climate Deal To Triple Renewable Energy

In a significant move towards combating climate change, Brazil has officially committed to a groundbreaking international agreement aimed at tripling global renewable energy capacity by 2030 and phasing out the use of coal. The announcement came from Brazil’s Foreign Ministry, marking a pivotal moment in the country’s environmental policy. In this article, read more about the report: Brazil Signs Global Climate Deal To Triple Renewable Energy.

Brazil signs global climate deal to triple renewable energy

As South America’s largest nation, Brazil has joined approximately 100 other countries supporting the ambitious initiative. The agreement, known as the “Global Renewables and Energy Efficiency Targets Pledge,” has garnered backing from influential entities such as the European Union, the United States, and the United Arab Emirates.

According to sources familiar with the matter, the goal is for the pact to be formally adopted during the upcoming United Nations COP28 climate negotiations scheduled to commence next week in Dubai.

The Brazilian embassy in Abu Dhabi confirmed the country’s commitment in a letter to the United Arab Emirates Foreign Ministry. A spokesperson for Brazil’s Foreign Ministry later affirmed the decision, underlining Brazil’s continued dedication to renewable energy.

Brazil is already a key player in the global renewable energy landscape, with over 80% of its electricity deriving from renewable sources. The country’s energy portfolio is led by hydropower, with solar and wind energy rapidly gaining traction.

While Brazil acknowledges the mathematical challenge of tripling its renewable energy capacity due to its already high reliance on green energy, the country is keen on reinforcing its support for renewables on a global scale, as stated by a Foreign Ministry spokesperson.

Brazil won’t be able to triple its renewable energy because it’s already very high, but Brazil is once again reinforcing its support for renewables,” the spokesperson explained.

The draft of the renewable energy pledge, reviewed by Reuters, outlines a commitment to “the phase down of unabated coal power.” This includes discontinuing financing for new coal-fired power plants, a significant step towards reducing carbon emissions on a global scale. Additionally, this commitment aligns with recent developments, such as Brazil signing a global climate deal to triple renewable energy, showcasing a collective effort to transition towards cleaner and more sustainable energy sources.

Official statistics indicate that coal constitutes just over 1% of Brazil’s electricity generation. This is a notable statistic, especially in recent developments like Brazil signing a global climate deal to triple renewable energy. As South America’s largest nation reinforces its commitment to cleaner energy sources internationally, the focus on reducing reliance on coal aligns with broader efforts to address climate change and promote sustainable practices.

Additionally, the agreement encompasses a pledge to double the annual global energy efficiency improvement rate to 4% per year until 2030. This commitment underscores the importance of transitioning to cleaner energy sources and enhancing the overall efficiency of energy consumption worldwide.

As the world grapples with the urgent need to address climate change, Brazil signs a global climate deal to triple renewable energy. Its participation in this global initiative signals a collaborative effort to build a more sustainable and environmentally friendly future. The upcoming COP28 climate negotiations will provide a crucial platform for leaders to solidify their commitments further and take decisive action towards mitigating the impacts of climate change.

Also Read: Brazil Allocates $65 Million From Amazon Fund For Rainforest Policing

 

Author

  • Sarah Tancredi

    Sarah Tancredi is an experienced journalist and news reporter specializing in environmental and climate crisis issues. With a deep passion for the planet and a commitment to raising awareness about pressing environmental challenges, Sarah has dedicated her career to informing the public and promoting sustainable solutions. She strives to inspire individuals, communities, and policymakers to take action to safeguard our planet for future generations.

    View all posts

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Explore Categories