President Luiz Inacio Lula da Silva
Brazil ratifies breakthrough hydrogen framework
Government takes first step towards becoming a global low-carbon hydrogen exporter
The setting for the recent signing of Brazil’s landmark low-carbon hydrogen framework said much about the country’s long-term energy ambitions. Speaking from Brazil’s second-largest port, Pecem, President Luiz Inacio Lula da Silva boasted that “when I see people talking about green hydrogen, solar energy, wind energy and biomass, I wonder: what country in the world can compete with Brazil?” Brazil no doubt has the potential to one day flood the world with low-carbon hydrogen exports. Global consulting firm BCG estimates that Latin America’s largest economy holds the capacity to capture 15% of global low-carbon hydrogen trade flows by 2030, ultimately creating a $180b tradable market by mid-c
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