{"id":1951,"date":"2025-11-11T15:44:00","date_gmt":"2025-11-11T18:44:00","guid":{"rendered":"https:\/\/cefd.eco\/nidde-digital\/"},"modified":"2026-05-21T11:17:57","modified_gmt":"2026-05-21T14:17:57","slug":"nidde-digital","status":"publish","type":"post","link":"https:\/\/cefd.eco\/en\/nidde-digital\/","title":{"rendered":"Nidde Digital"},"content":{"rendered":"\n

Brazil must direct its oil wealth towards a green economic transformation, despite new oil expansion plans<\/h2>\n\n

A new report by Climate Strategies, authored by Nicolas Lippolis, a researcher at the Columbia Climate School, urges the country to leverage its unique position in the fossil fuel market to strengthen its energy transition<\/strong><\/em><\/p>\n\n

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Credit:<\/strong> Freepik (AI-generated image)<\/p>\n\n

Whilst Brazil begins drilling an oil well in the Foz do Amazonas Basin in the Atlantic Ocean, an unprecedented report urges the country to leverage its unique position in the fossil fuel market to strengthen its energy transition and transformation into a global clean energy leader.The study Resilient, but not yet transformative: Brazil\u2019s oil and gas sector in a decarbonising world<\/strong><\/em> <\/a>(access here<\/a>) highlights forecasts of declining global oil demand whilst Brazil opens new exploration frontiers. The opportunity is indeed to finally invest oil revenue into the energy transition and economic transformation. <\/p>\n\n

The publication is part of the Prosperity Post Fossil Fuel (PPFF) Policy Dialogue on Just Energy Transitions<\/strong>, <\/strong><\/em>an initiative by the think tank Climate Strategies, which brings together representatives from fossil-fuel-dependent economies to navigate the risks and opportunities of the oil and gas transition.\u201cStrengthening the management of oil revenues, improving policy coordination on sustainable fuels, and financing innovation in clean energy technologies could transform Brazil’s oil wealth into a catalyst for a green economic transformation,\u201d says economist Nicolas Lippolis, author of the PPFF report, researcher at the Columbia Climate School, and founder of the think tank Centre for Energy, Finance and Development \u2013 CEFD.<\/a>Most current forecasts, including those from the International Energy Agency (IEA), expect global oil and gas demand to peak by 2030, as competitive low-carbon technologies replace fossil fuels in their largest uses. \u201cEven as global demand falls, Brazil’s oil production will likely remain competitive, but the country is doing little to channel oil revenues into sectors that can thrive in a decarbonising world,\u201d concludes Lippolis. <\/p>\n\n

Among the impacts Brazil could still face are reduced public revenues due to lower oil prices. This will be particularly felt in oil-dependent municipalities in the states of Rio de Janeiro, Esp\u00edrito Santo and S\u00e3o Paulo. <\/p>\n\n

The country possesses the technology, renewable energy resources (including critical minerals) and agricultural raw materials needed to become a dominant global player in low-carbon fuel markets. However, without a more strategic public policy to leverage these advantages, Brazil risks reproducing its position as a commodity exporter and missing out on its clean energy potential. <\/p>\n\n

The publication emphasises that seizing these opportunities will require intentional, evidence-based decisions in order to:<\/p>\n\n