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Brazil eyes leadership role in global carbon market
Latin American country plans a cap-and-trade system and supports the scale-up of CCS as it prepares to host COP30
Outlook 2025: The role of biofuels in global renewable energy investments
Bioenergy will be a key part of the energy transition as the world decarbonises, and Brazil is set to be a major player in the sector
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The region has ample resources of both gas and renewable energy and developing both will be vital to the global effort to reduce emissions
Brazil’s carbon markets to grow under Lula
Incoming president faces a series of decisions on legacy legislation that could provide impetus for domestic ETS and offset markets
Renewables count the cost of rate hikes
Levelised cost of electricity rises on higher cost of capital but renewables remain highly competitive against fossil fuels
US opens first California offshore wind auction
First lease sale on the west coast to be held in December
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Falling cost of renewables and rising carbon prices will outweigh short-term turbulence, risk management firm says in new forecast
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Sector is likely to continue to gain momentum as costs fall
Mainstream targets energy major status by 2030
New ownership positions renewables project developer for transition to long-term asset owner and operator
Cnooc ramps up wind development
Chinese state oil company following in footsteps of European counterparts as it looks to decarbonise its portfolio
Rio de Janeiro’s coastline is of interest to developers
Brazil Wind
Polly Martin
28 January 2022
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Brazil sets regulatory framework for offshore wind

New decree clarifies regulatory authorities and requirements, as developers gear up for first projects

Brazil has passed a new framework for the development of offshore windfarms in its waters. The decree clarifies the technical criteria, requirements and mandatory studies required for a project’s approval. Developers are obligated to carry out studies to identify offshore energy potential once awarded an assignment of use. Brazil’s Ministry of Mines and Energy (MME) is responsible for authorising projects, although it can delegate the powers to sign assignment-of-use contracts to the National Electric Energy Agency. The decree will come into force in June this year, with a 180-day revision period. “We believe that the decree not only serves public and collective interests but is also an impo

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