The Brazilian Business Council for Sustainable Development (CEBDS) was invited to represent Brazil at the conference Future Energy Forum, in Astana, the capital of Kazakhstan. The meeting, which began in June and continues until September 5th with weekly conferences, is one of the largest in the world on renewable energy and energy efficiency.
CEBDS President Marina Grossi presented Brazil's energy scenario in the session “Renewable energy and energy efficiency – The Brazilian context”iro”, highlighting the potential and obstacles in the development of this market. She emphasized that the country committed in the Paris Agreement to achieve 10% of efficiency gains in the electricity sector by 2030. However, Grossi argued, it is possible to achieve up to 20%. To achieve this, the challenge is to overcome the barriers to financing renewables.
Currently, the main obstacles to financing centralized generation are the high dependence on financial support from the BNDES (National Development Bank), unattractive rates offered by private banks, and investors' high risk perception. In the case of distributed generation, the complexity of long-term projects, the high initial investment, and the lack of appropriate financial products and business models are among the major obstacles to the development of renewables in the Brazilian market.
The “General Access to Sustainable Energy” conference took place on July 24th and 25th and featured the participation of dozens of international experts in 19 thematic sessions.
Renewable Energy Financing
The studies Financing for Renewable Energy: Obstacles, Challenges and Opportunities and Efficient Consumption of Electric Energy: An Agenda for Brazil are the result of the first concrete actions of the CEBDS Leaders' Council. Both topics are strategic for meeting the country's goals under international climate agreements. The publications are available for free download on our website.
