In recent decades, Brazil has adopted a political approach focused on maintaining economic stability and consolidating inclusive social policies. However, despite repeated attempts, little progress has been made in overcoming difficulties within the country and making Brazil more competitive in the global market. Nevertheless, there seems to be an awakening and a certain consensus among scholars of Brazilian problems that the expected inclusive economic growth cycle may be achieved if Brazil invests in enhancing the bioeconomy business environment through bioenergy and innovation.
The actual crisis is fast–tracking two major transformations at the global level: the energy transition and the information revolution, both dependent on innovation. Brazil showcases a comparative advantage for renewable energy sources in comparison to the rest of the world. Even considering the controversial major use of hydroelectricity and sugarcane biofuels, these sources are undoubtfully less harmful than fossil sources, such as coal and diesel. This could be an unprecedented opportunity. Nevertheless, Brazil has faced considerable environmental disasters in recent years, despite its consistent legal framework protecting the environment.
Environmental Law | Law
Gabriel Wedy & Cacia Pimentel,
Climate Change and Innovation in Brazil: Threats and Opportunities,
Sabin Center for Climate Change Law, Columbia Law School, January 2021
Available at: https://scholarship.law.columbia.edu/sabin_climate_change/42