energy
The president said the country would “not blow the whistle” but defended the country’s entry into the group
InfoMoney Team December 2, 2023 9:23 am Updated 3 hours ago
President Luiz Inácio Lula da Silva confirmed this Saturday (2) in Brazil the entry of Brazil into OPEC+, an observer group that debates together with the Organization of the Petroleum Exporting Countries (OPEC).
“It’s like I’m not even attending the G7 summit [grupo das sete maiores economias do mundo]. I have attended the G7 summit since I won the presidency of the Republic. I go there, listen and speak only after they have made the decision. And I’m getting away. “I don’t whistle anything,” the president said.
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Appearing during one of the COP28 events in the United Arab Emirates, the president explained that one of Brazil’s tasks will be to convince major producers to prepare for the energy transition and the end of fossil fuels.
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“Preparation means using the money earned to invest so that continents like Africa and Latin America can produce the renewable fuels they need, especially green hydrogen.” Because if we don’t create an alternative, we can’t say we’re going to get rid of fossil fuels,” the president continued.
According to Lula, Brazil will be the “flagship” of the energy transition. He explained that Brazil has done its part and is therefore able to hold other countries accountable.
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President Lula speaks during COP28 in Dubai, United Arab Emirates (Ricardo Stuckert/PR)
Lula explained that it is necessary to use the money from oil profits to develop renewable energy production technologies. Lula argued that in order to achieve the goal of reducing the use of fossil fuels, it is necessary to work with the interests of several countries and develop alternatives. “Because if we don’t create an alternative, we can’t say we’re going to give up fossil fuels.”
The invitation to the country came earlier this week after Lula’s visit to Saudi Arabia. OPEC brings together the world’s largest oil producers and, in particular, works to control supplies of the product so that the raw material remains at a profitable level.
(With Estadão content)
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