The forecast for Brazil's support on fossil fuels for electricity generation indicates a decline from $1.1 billion in 2024 to $0.57392 billion in 2028. Notably, there is an observed year-on-year decrease, with a 11.89% drop from 2024 to 2025, followed by a 13.71% fall from 2025 to 2026, a subsequent 15.77% decline from 2026 to 2027, and a final 18.54% reduction from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately -15.88%, reflecting a consistent trend of decreased financial support for fossil fuels in Brazil.
Future trends to watch include Brazil's potential acceleration towards renewable energy investments, possibly driven by global climate change policies and internal environmental sustainability goals. Wider adoption of green technologies could further reduce reliance on fossil fuels.
