The Pathways of Transition project aims to propose concrete policies for Brazil to achieve a just, orderly, and equitable energy transition.
Oil is currently the country’s main export product, generating a significant impact on the Gross Domestic Product (GDP) and about 600,000 jobs. The sector continues to grow, with the expectation of drilling new wells, despite the vast scientific knowledge indicating the risks to the quality of life on Earth associated with the continued burning of fossil fuels.
Since 2013, the Intergovernmental Panel on Climate Change (IPCC) has warned that fossil fuels must be phased out to prevent global warming from exceeding 1.5°C above pre-industrial levels.
Ten years later, in the COP 28 declaration in Dubai, the 195 participating countries recognized the imperative of “transitioning away from fuel use in energy systems in a just, orderly, and equitable manner”. Negotiators also made commitments to triple renewable energy capacity and double energy efficiency by 2030.
In 2024, the planet’s average temperature reached 1.55°C above pre-industrial levels.
The Role of National Oil Companies
Subnational Management of
Oil Revenues
Aligning Fiscal Policy
and Climate Finance