The Conselho Empresarial Brasileiro para o Desenvolvimento Sustentável (CEBDS) and PSR launched the “Roadmap: Paths for the Brazilian Business Sector in the National Energy Transition” in May. The report presents a wide variety of decarbonization options for companies from different sectors of the Brazilian economy.

Based on 22 interviews conducted by PSR and CEBDS with representatives of the sustainability institution’s member companies, the study showcases solutions adopted by the business sector to reduce their greenhouse gas emissions. The document also provides details on promising technologies with cross-cutting applications for emission reduction, as well as customized solutions for activities that face challenges in emissions abatement.

Corporate commitments take into account direct emissions from their operations (scope 1), indirect emissions related to electricity purchase (scope 2), and, in some cases, emissions originating from their supply chain (scope 3). In the latter case, there is a diversity of ongoing policies, ranging from incentives for good practices, such as supplier awards, to the establishment of compulsory requirements to be met in the coming years.

The roadmap identifies business opportunities for the national productive sector aligned with the transition to a carbon-neutral economy by 2050. The diversity of the reported initiatives is quite rich and reinforces that Brazil can play a leading role in the global climate agenda.

The study also evaluates Brazil’s comparative advantages and business opportunities pursued by many companies that align with the climate agenda. On the other hand, it also highlights, whenever relevant, the main barriers and challenges to be overcome.

For example, one of the conclusions indicated is that, for companies with global operations, Brazil is perceived as a country with significant opportunities to meet global emissions reduction targets and invest in renewable energy sources with technologies already widely employed locally. These include photovoltaic solar and onshore wind power. However, there is also an awareness that Brazil has opportunities for promising technology, including offshore wind power potentially coupled with green hydrogen production. These possibilities are especially interesting for oil and gas companies that are transitioning their activities to become integrated energy companies.

The study can be accessed through the following link.