{"id":368436,"date":"2024-06-13T12:11:59","date_gmt":"2024-06-13T15:11:59","guid":{"rendered":"https:\/\/anba.com.br\/?p=368436"},"modified":"2024-06-14T13:04:51","modified_gmt":"2024-06-14T16:04:51","slug":"brazil-to-lead-energy-transition-bndes-president-mercadante","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/brazil-to-lead-energy-transition-bndes-president-mercadante\/","title":{"rendered":"Brazil to lead energy transition: BNDES President"},"content":{"rendered":"\n

Rio de Janeiro \u2013 In a bid to attract investment and partnerships from Gulf region entrepreneurs and sovereign funds, Aloizio Mercadante, the Brazilian state development bank BNDES<\/a>, highlighted Brazil\u2019s economic potential and vast green energy opportunities. Mercadante\u2019s remarks came during the FII Priority event in Rio de Janeiro on June 12 and 13.<\/p>\n\n\n\n

He emphasized Brazil’s ambitions in the energy transition, leveraging its unique assets: the world\u2019s largest rainforest and abundant water resources. \u201cThese resources position Brazil perfectly for data centers, clean energy production, and participation in the AI revolution,\u201d Mercadante declared, noting that Brazil is already the second-largest recipient of direct investment, boasting \u201cthe cleanest energy matrix within the G20\u201d, with 47% of its energy coming from renewable sources.<\/p>\n\n\n\n

Mercadante participated in a 30-minute panel discussion titled \u201cWill Rising Economic Powers Redefine the Future of Investment?\u201d which explored the changing landscape of global investment as emerging economies gain greater influence.<\/p>\n\n\n

\n
\"On
On its first day, the event gathered over 1,500 delegates who attended the sessions<\/figcaption><\/figure>\n<\/div>\n\n\n

The BNDES representative criticized the nations of the so-called Global North. \u201cWe are increasingly facing heightened commercial protectionism from industrialized countries,\u201d he said. According to Mercadante, \u201cmore discussion between the North and the South is needed,\u201d as well as \u201cmore partnerships in the displacement of production chains and greater integration of the global South\u2019s production chains\u201d.<\/p>\n\n\n\n

Urging investors to \u201cchoose Brazil,\u201d the president of BNDES presented the nation to Gulf region investors as open to investment and business partnerships. \u201cAmidst geopolitical changes, tensions, and war, this is a country that has not had a war with any neighbor for 150 years. There are only fifteen countries in the UN that have relations with all other nations, and Brazil is one of them. This is a country of peace, which wants dialogue, partnerships, and bridges,\u201d said Aloizio Mercadante.<\/p>\n\n\n\n

Alongside the BNDES president, speakers such as Ahmed AlKhatteb, Minister of Tourism from Saudi Arabia, and Andr\u00e9 Esteves, Chairman & Senior Partner of BTG Pactual, discussed how these rising economic powers are shaping investment trends, creating new opportunities for global investors, and redefining the dynamics of international capital flows.<\/p>\n\n\n\n

Brazil has conditions to lead<\/strong> energy transition<\/h2>\n\n\n\n

Rafael Solimeo, the head of the Arab-Brazilian Chamber of Commerce<\/strong> (ABCC) office in Dubai, who is at the FII alongside other representatives from the institution, told UAE state news agency WAM that Brazil has \u201cexcellent structural conditions to lead the energy transition, with the country having ample availability of decarbonized energy in more than half of its energy mix, including the use of fossil fuels.\u201d<\/p>\n\n\n\n

Solimeo also emphasized that the Brazilian market can produce sustainably. \u201c[Brazil] also has different biomes, besides the Amazon, that hold what is perhaps the greatest biodiversity heritage of humanity. The country also has efficient food production chains that adopt the best sustainable practices available to the market and is one of the few in the world that can grow without cutting down a single tree,\u201d he concluded.<\/p>\n\n\n\n

The FII Priority Summit brings together global authorities alongside business leaders from various sectors and addresses urgent issues under the theme \u201cInvesting in Dignity.\u201d On its first day, the event gathered over 1,500 delegates who participated in sixty-six sessions with more than 190 speakers.<\/p>\n\n\n\n

Read more:<\/em>
Lula urges recognition of Saudi Arabia, Brazil<\/a>
Arab-Brazilian Chamber backs FII Priority in Rio<\/a><\/p>\n\n\n\n

Translated by Guilherme Miranda<\/strong><\/p>\n

FII Priority\/Screenshot YouTube<\/div>
FII Priority\/Screenshot YouTube<\/div>","protected":false},"excerpt":{"rendered":"

During the FII Priority, Aloizio Mercadante, President of the Brazilian state development bank BNDES, highlighted Brazil\u2019s green and energy potential, in a bid to attract investments from the Gulf.<\/p>\n","protected":false},"author":2318,"featured_media":368426,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[103],"tags":[49828,10204,34179,2099,2012,49823,26557,18437,28906,10540,27568,36260],"class_list":{"0":"post-368436","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-sustainability","8":"tag-aloizio-mercadante","9":"tag-bndes-en","10":"tag-energia-en","11":"tag-energy","12":"tag-environment","13":"tag-fii-priority-2","14":"tag-investimentos-en","15":"tag-investments-en","16":"tag-meio-ambiente-en","17":"tag-rio-de-janeiro-en","18":"tag-rio-de-janeiro-en-2","19":"tag-transicao-energetica-en"},"wps_subtitle":"During the FII Priority, Aloizio Mercadante, President of the Brazilian state development bank BNDES, highlighted Brazil\u2019s green and energy potential, in a bid to attract investments from the Gulf.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/368436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2318"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=368436"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/368436\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/368426"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=368436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=368436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=368436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}