Transición energética Brasil 1 Brazil is currently leading in the energy transition by utilizing oil revenues to fund renewable energy development, aiming for energy security, equity, and environmental sustainability. President Lula’s strategy involves Petrobras as a key driver, with oil and gas resources being instrumental in financing the shift towards cleaner energy sources. This approach is yielding results, with a significant portion of Brazil’s electricity already coming from renewable sources, including substantial growth in solar and wind power.

• The energy transition aims to guarantee energy security, equity, and environmental sustainability for citizens.
• Countries typically transition by adding new energy sources to existing ones for gradual migration.
• Brazil’s President Lula views oil and hydrocarbon resources as essential for funding the energy transition.
• Petrobras is assigned the role of an ‘inductor’ of national growth, with the state controlling its shares.
• A fund for the Energy Transition will use oil revenues to end dependence on fossil fuels.
• Brazil is the 8th largest oil producer globally, with production significantly increasing.
• Lula’s motivation is to improve citizens’ living standards by using oil resources to leverage the energy transition.
• 87% of Brazil’s electricity generation comes from renewable sources, with solar and wind power showing significant growth.