Brazil fails to prevent energy crisis
Government inaction and rapidly changing climate have combined to highlight the importance of diversifying the country’s energy mix
A combination of lack of planning, political miscalculations, technical mistakes and dire climatic conditions have caused an energy crisis in Brazil. And the precarious situation is likely to be as bad as, if not worse than, the crisis of 20 years ago, which left severe economic and political upheaval in its wake. Government initiatives directed at attenuating the effects of the crisis are mostly too little, too late—especially those involving centralised government planning, such as conservation of hydro capacity by altering water flows to different sectors or dispatching sufficient new thermal sources. Since the 2001 energy crisis, Brazil has added much wind, biomass (mostly sugarcane), ga
Also in this section
19 April 2024
Cairo’s currency problems have hindered investment, but Pharos sees considerable potential as Egypt emerges from crisis
18 April 2024
The Norwegian energy company is concentrating its efforts on specific regions and assets that meet strict cost and carbon criteria
17 April 2024
Uzbekistan and Kazakhstan provide opportunities after Europe turns it back, while also offering another gateway to China
16 April 2024
Commentators need to shake off the myths of the past, with rising oil prices a boon for US economy