The forecasted fossil fuel public R&D budget in Brazil shows a gradual increase from 2024 through 2028, indicating steady growth in energy public R&D expenditure. The budget is projected to grow by approximately 2.34% year-on-year, based on the differences in the forecasted values from 2024 to 2028. This upward trend suggests a consistent commitment to advancing fossil fuel technologies. The compound annual growth rate (CAGR) over the five-year forecast period would be around 2.32%.
Future trends to watch for include potential shifts in energy policies that could alter budget allocations between next-generation fossil fuel technologies and emerging clean energy solutions. Increased environmental regulations and a global push toward sustainability may also impact this forecast.
