The Climate Change Commission is an IBP initiative to take more effective action in terms of the sector's engagement in this energy transition. This is an excellent measure by a sector that does not want to be left behind and is closely monitoring and very interested in what actually needs to be done.
“The need to mitigate or reduce greenhouse gas emissions and transparency in information are crucial for the transition to a low-carbon economy. Pricing mechanisms provide predictability to businesses and allow investments in new technologies in a virtuous cycle for companies and the environment,” explains Marina.
Investment in renewable energy is already a reality for oil companies, which are rapidly diversifying their portfolios. The transition movement towards a global energy transition system is already being seen in companies such as Petrobras and Total, which have joined forces in renewable energy investments, and Shell, which is seeking regulation in the distribution of electricity in the country.
According to the International Renewable Energy Agency (IRENA), the renewable energy sector received investments of R$241.6 billion in 2016. The sector employs more than 10 million people.
