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date: 29 February 2020

Abstract and Keywords

This chapter analyzes the evolution of the energy sector in Brazil, charting shifts in the energy matrix, in particular the rise in renewables and increasing self-sufficiency in fossil fuels. Production of energy in Brazil, particularly electricity, includes a high percentage of renewable sources. Electricity is generated mostly by hydroelectric plants, cars are fueled with ethanol produced from sugarcane, biofuels have good prospects for success, and wind generation of electricity is picking up slowly. The country has managed to become almost self-sufficient in oil production. However, most of the production of energy is in the hands of government institutions, imposing a degree of instability on the system. This chapter has reviewed the effects of some important policies introduced at different points in time. Looking ahead, the chapter concludes that energy policy in Brazil is now moving in the right direction, although significant challenges remain.

Keywords: Brazil, economic development, energy, renewable energy, electricity, petroleum, hydro power

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