Brazil has joined a potential agreement supported by the United Arab Emirates, the United States, and the European Union to treble the amount of renewable energy produced globally by 2030 and move away from coal use, the country's Foreign Ministry announced on Friday.
The largest nation in South America is currently among the about 100 nations that have ratified the agreement, as per a European official with knowledge of the situation.
The goal is for the agreement to be formally ratified by world leaders present at the United Nations' COP28 climate meetings, which get underway in Dubai next week, according to sources who spoke with Reuters earlier this month.
In a letter to the Foreign Ministry of the United Arab Emirates, Brazil's embassy in Abu Dhabi announced that it will be participating in the "Global Renewables and Energy Efficiency Targets Pledge."
Brazil's decision to join the agreement was confirmed by a spokesman for the foreign ministry.
A significant participant in renewable energy already exists in Brazil. Hydropower accounts for the majority of the nation's electrical supply (more than 80%), with solar and wind energy also growing quickly.
According to a spokeswoman for the Foreign Ministry, Brazil supports tripling renewable energy sources worldwide, but it is not feasible mathematically at home.
"Brazil won't be able to triple its own renewable energy because it's already very high, but Brazil is once again reinforcing its support for renewables," he said.
According to reports that examined the draft vow on renewable energy, which calls for "the phase down of unabated coal power," which includes cutting off funding for brand-new coal-fired power plants.
Official statistics show that barely over 1% of Brazil's electricity comes from coal.
A commitment to boost the global yearly rate of energy efficiency improvement to 4% annually until 2030 is also included.
(Source:www.theprint.in)
The largest nation in South America is currently among the about 100 nations that have ratified the agreement, as per a European official with knowledge of the situation.
The goal is for the agreement to be formally ratified by world leaders present at the United Nations' COP28 climate meetings, which get underway in Dubai next week, according to sources who spoke with Reuters earlier this month.
In a letter to the Foreign Ministry of the United Arab Emirates, Brazil's embassy in Abu Dhabi announced that it will be participating in the "Global Renewables and Energy Efficiency Targets Pledge."
Brazil's decision to join the agreement was confirmed by a spokesman for the foreign ministry.
A significant participant in renewable energy already exists in Brazil. Hydropower accounts for the majority of the nation's electrical supply (more than 80%), with solar and wind energy also growing quickly.
According to a spokeswoman for the Foreign Ministry, Brazil supports tripling renewable energy sources worldwide, but it is not feasible mathematically at home.
"Brazil won't be able to triple its own renewable energy because it's already very high, but Brazil is once again reinforcing its support for renewables," he said.
According to reports that examined the draft vow on renewable energy, which calls for "the phase down of unabated coal power," which includes cutting off funding for brand-new coal-fired power plants.
Official statistics show that barely over 1% of Brazil's electricity comes from coal.
A commitment to boost the global yearly rate of energy efficiency improvement to 4% annually until 2030 is also included.
(Source:www.theprint.in)