The direct transfer on all fossil fuels for Brazil is projected to gradually decrease from 1.74 billion USD in 2024 to 1.47 billion USD in 2028. This suggests a year-on-year decline of about 4.14% from 2024 to 2028. Over the last five years, the compound annual growth rate (CAGR) represents a steady downward trend in these transfers.
Future trends to watch for include:
- Brazil's shift towards renewable energy sources and their potential impact on fossil fuel transfers.
- Government policies aimed at reducing fossil fuel dependency and promoting sustainable energy initiatives.
- Global energy prices and how fluctuations might affect Brazil's expenditure on fossil fuel subsidies.