WEO workshop in Rio de Janeiro explores the energy outlook for Brazil

17 April 2013

Senior figures from Brazil’s energy sector, led by Deputy Minister of Mines and Energy Márcio Zimmermann, met in Rio de Janeiro on 11 April to exchange views on the energy perspectives for Brazil, the key country focus for this year’s World Energy Outlook.

Deputy Minister Zimmermann provided the keynote opening address, and the workshop also heard a special address from Antonio Castro, Executive Manager for Corporate Strategy at Petrobras. The IEA team at the event was led by IEA Chief Economist Fatih Birol.

The meeting, held under the Chatham House rule, brought together around 80 policy makers, regulators, senior company executives, academics and NGO representatives to provide insights and input for the IEA study, which follows country analyses of Russia (in 2011) and Iraq (in 2012) that were included in previous Outlooks.

Brazil’s energy sector has developed in a distinctive and innovative fashion to meet the needs of a rapidly growing economy. Harnessing the country’s vast natural and agricultural resources, Brazil has an enviable record in promoting the deployment of renewable sources of energy, most notably with the very high share of hydropower in electricity supply and the leading role for biofuels in the transportation sector.

Brazil has shown strong leadership in its focus on improving household access to electricity. And the country’s readiness to explore new frontiers for the energy sector is set to take a new direction with the discovery and development of huge pre-salt oil and gas deposits in the deep offshore.

This picture puts Brazil at the cutting edge of debates over many different aspects of energy policy: how Brazil meets the challenges ahead will have implications not just for the future of one of the world’s largest economies, but also for energy systems and policies in many other countries that look to Brazil for inspiration.

The workshop covered all aspects of the Brazilian energy economy, and the special focus in the WEO-2013 will provide a similarly comprehensive outlook for Brazilian energy, including analysis and projections for all fuels and sectors out to 2035.

The workshop was organised with the kind support of the Ministry of Mines and Energy, and the study as a whole is being conducted in close co-operation with the Government of Brazil.