International event focuses on EU-Brazil partnership for energy transition

This public meeting will take place in Brussels, in hybrid format, on June 21, at 1 p.m., and the speakers will include Carlos Ivan Simonsen Leal, FGV’s president.
International Relations
14 June 2024
International event focuses on EU-Brazil partnership for energy transition

FGV Europe, in partnership with the FGV Rio de Janeiro Law School and the Center for European Policy Studies (CEPS), the leading independent think tank on European policies, is holding an event called “The EU-Brazil partnership for the green energy transition: fostering trade and investments in net-zero projects.” This public meeting will take place in Brussels, in hybrid format, on June 21, at 1 p.m., and the speakers will include Carlos Ivan Simonsen Leal, FGV’s president.

The European Union and the rest of the world in general are facing some important challenges, including the global ecological transition, heightened geopolitical tensions and the Russian war in Ukraine. In this context, the EU recently adopted a risk reduction strategy aimed at guaranteeing its supplies in key sectors, including clean technologies and critical raw materials. This is to be achieved by reducing and possibly ending its critical over-dependence on certain foreign countries.

With these objectives in mind, key pieces of legislation such as the EU Zero Industry Act and the EU Critical Raw Materials Act have recently been passed or adopted. These two laws, which are part of the Green Deal Industrial Plan, are designed to strengthen the EU’s production and innovation capacities in the field of clean technologies and critical raw materials. At the same time, they seek to diversify access to critical production factors and growing external markets through a policy of engagement based on a network of free trade agreements and “friendshoring.” For example, this collaboration will include strategic international partnerships and a “Global Gateway.”

Brazil represents an essential trade and investment partner for the EU and the world in this transition to green energies. It is a major player in clean energy innovation, accounting for almost 7% of the world’s renewable energy production. In addition, it is now looking to expand its innovation capabilities into new technological areas, such as hydrogen and other low-emission solutions. It is important to note that the EU is Brazil’s second largest trading partner. It has also, for many years, been the largest foreign investor in many areas of the Brazilian economy, including clean technologies.

In this context, the event aims to address some fundamental trade and investment aspects of the current and future EU-Brazil partnership for the green energy transition:

  • How can EU and Brazilian measures and actions in the industrial and commercial fields be effectively combined with the aim of strengthening their partnership in the field of green energy?
     
  • What EU-Brazil bilateral cooperation projects in the field of green energy are currently under way?
     
  • What are the future investment opportunities in Brazil in this field?
     
  • Based on their mutual partnership, how can the EU and Brazil best act together at multilateral level in favor of trade and sustainable investments in the green energy sector?

To find out more about this event and sign up, click here.

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