In 2024, the forecasted total support for fossil fuel producers in Brazil is projected to represent 0.065% of GDP. This figure declines steadily each year, reaching 0.03% by 2028. This trend indicates a consistent reduction in fossil fuel support as a percentage of GDP, with a noticeable year-on-year decrease beginning at close to 15.4% from 2024 to 2025, continuing this downward trajectory with a compound annual growth rate (CAGR) of around -17% over the forecast period. This substantial decline reflects a commitment to reducing reliance on fossil fuels.
Future trends to watch for:
- Government policies and economic measures aimed at encouraging renewable energy investments.
- Potential geopolitical factors that might influence energy market dynamics.
- Technological advancements that can alter energy production and consumption patterns.
