Forecast: Renewable Energy Public R&D Budget in Brazil

In 2023, the renewable energy public R&D budget in Brazil was set at a baseline value against which future forecasts are compared. From 2024 to 2028, this budget is projected to follow an upward trend, beginning at 17.22 in 2024 and reaching 19.02 by 2028. The year-on-year percentage increase varies between an estimated 3.5% in the initial years, tapering to about 1.7% as the forecast progresses. Over the five-year forecast period, the compound annual growth rate (CAGR) is projected to reflect a steady upward trajectory.

Future trends to watch for include potential shifts influenced by changes in governmental policy towards renewable energy, advancements in technology, and global economic factors that may impact funding priorities. Additionally, Brazil's commitment to international climate agreements may accelerate budgetary allocations towards sustainable energy research.