Brazil has called on rich countries to ensure a global transition to sustainable energy, as these countries need bolder commitments to offset their dependence on polluting energy sources, the Brazilian newspaper “O Globo” said.
Brazilian Minister of Mines and Energy Alexander Silveira announced in an interview in New York that developing countries “cannot finance the energy transition similar to what happened in Europe and the United States”, that they need help from the developed world, and industrialized countries have to face even greater challenges, because they “get their energy from sources that are much less clean than those in the global south”.
President Lula da Silva is likely to once again address the call for rich countries to increase investment to help the world shift away from fossil fuels when he addresses other world leaders at the UN General Assembly meeting next week, and since returning to power in January, the 77-year-old leftist has called for more international support to save the Amazon rainforest and find solutions for climate finance.
The government of Brazil has been a strong advocate for developed countries to fulfill their promises to finance the fight against climate change, which does not amount to the trillions of dollars needed to prevent global temperatures from rising more than 1.5 degrees Celsius.
Developing countries in the southern hemisphere will feed the developed world with clean energy, which will strengthen the position of these countries in World Trade, according to Silveira.
The minister expects Brazil to attract investments worth 400 billion dollars over the next decade for the production of biofuels, including sustainable aviation fuel and environmentally friendly diesel, and Silveira believes that Brazil’s production of biofuels constitutes a “liberation from OPEC”.
