With Plenty of Clean Energy, Brazil Aims for Green Hydrogen Export Market

Contributing sentiments towards policy:

67% : Renewable energy is one of the fastest-growing businesses in a country saddled with six-year-high interest rates.
66% : It's here where renewable energy is transforming Brazil, and where the country's green hydrogen economy is getting off the ground.
62% : Brazil is blessed with wide-open spaces in the windiest parts of the country and an interconnected national power grid, which makes it easier to produce clean energy in remote locations and consume the equivalent amount of electrons closer to major population centers.
60% : "We see Brazil as a leader in the green hydrogen economy for one main reason: the availability of renewable energy," said Unigel Executive Director Luiz Felipe Fustaino.
59% : The government, along with the state-controlled oil giant Petrobras, also plans to increase production of natural gas from offshore fields to bring prices down by as much as half, which would compete with renewable energy for both the production of electricity and hydrogen.
55% : Ammonia made from coal or natural gas is one of the most common industrial chemicals and is used to make fertilizer, plastics and textiles.
53% : In 2017 the cost of wind fell below hydropower, and large companies started taking advantage of Brazil's business-friendly regulations to buy renewable electricity directly from large wind producers.
49% :To unleash this new phase of development, the government needs to exempt the industry from taxes and duties that comprise 40% of electricity bills, in addition to fast-tracking transmission line construction, Bastos said.
48% : If Latin America's biggest country gets it right, green hydrogen will allow it to transition away from an oil industry that is set start declining in the 2030s.

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