Forecast: Direct Transfer on All Fossil Fuels for All Beneficiaries or Sectors in Brazil

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.

Top Countries about Fossil Fuel