Forecast: Geothermal and Biomass Energy Consumption in Brazil

The forecast for geothermal and biomass energy consumption in Brazil from 2024 to 2028 shows a steady decline, with a starting value of 50.95 TWh in 2024, decreasing to 46.32 TWh by 2028. Compared to 2023, where the consumption was approximately 51.8 TWh, the year-on-year variations depict a negative trend. Specifically, the consumption decreases annually around 2-3% over the forecasted period. The compound annual growth rate (CAGR) over these five years indicates a consistent average annual decline of approximately 2.3%.

Future trends to watch for include technological advancements in renewable energy sources, potential government policy changes, and shifts in energy demand due to economic factors. Monitoring these could provide insights on how Brazil might adapt and potentially reverse this downward trend in geothermal and biomass energy consumption.

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