In Brazil, the direct transfer on coal for electricity generation is forecasted to decrease significantly from $81.88 million in 2024 to $38.39 million by 2028, based on constant 2020 values. This marks a consistent declining trend with an average year-on-year reduction of around 13%. In 2023, the expenditure on coal stood considerably higher, suggesting a strategic shift towards alternative energy sources. Over the 5-year forecast period, the compound annual growth rate (CAGR) indicates a substantial average annual decrease.
Future trends worth watching include Brazil's investments in renewable energy, regulatory changes for emissions, and technological advancements that may further reduce reliance on coal. These factors could accelerate the shift towards more sustainable energy solutions, influencing coal demand in the power sector.
