The forecast indicates a gradual decline in Brazil's total support for coal expressed as a percentage of GDP. From 2024 to 2028, the total support decreases from 0.009% to 0.007%. Year-on-year, the support for coal shows a negative trend, with slight decreases from 2024 to 2028.
The average yearly decline (CAGR) over this period reflects Brazil's move towards reducing dependence on coal, likely due to increased focus on renewable energy sources and sustainable energy practices.
Future Trends to Watch:
- Emergence of renewable energy incentives.
- Regulatory shifts promoting energy diversification.
- Technological advancements in clean energy.
- Public and investor demand for sustainable energy solutions.
