Three out of every four industries in the country are interested in solar energy

CNI research shows that 75% of entrepreneurs in the sector have a lot or some interest in adopting the source
Three out of every four industries in the country are interested in solar energy
Photo: Freepik

A solar energy is renewable source that arouses the greatest interest of businesspeople Brazilians who work in the industry segment. This is what a research disclosed from CNI (National Confederation of Industry) this Friday (24).

According to the study, 75% of respondents said they were very or somewhat interested in adopting this type of energy source. In second place comes green or low-carbon hydrogen, with 19% and, in third place, wind power, with 13%.

The survey also shows that 53% of industries already have projects or actions aimed at using renewable sourcesIn these companies, the solar source is the one that concentrates the greatest focus of initiatives (91% of companies). Biomass (5%), wind (3%) and low-carbon hydrogen (1%) for the other sources studied.  

“Brazil is at the forefront of the energy transition, with a high share of renewable sources in the energy matrix, and continues on a sustainable trajectory, increasingly expanding and diversifying the use of these clean and renewable sources”, says Roberto Muniz, director of CNI Institutional Relations.

A research heard 1.004 executives from small, medium and large industrial companies in all states of Brazil. The survey was conducted by the Reputation and Image Research Institute, of FSB Holding, between the 3rd and 20th of November.

Financing and green technologies

According to the CNI study, the need to expand the number of industries that can access forms of financing for sustainable initiatives is one of the needs highlighted by the private sector to drive a low-carbon economy, as well as the dissemination of green technologies.

Of the total number of interviewees, 67% showed interest in accessing credit lines for this purposebut not everyone realized this intentionOnly 16% sought some public credit incentive for sustainable projects and 6% succeeded. 

Private credit proved to be more accessible to businesspeople in the survey: 24% sought it and 15% obtained it. For 62%, access to financing for sustainability actions is considered difficult or very difficult. 

A difficulty with credit or financing, even appears as the third main barrier to implementing sustainability actions (highlighted by 22%), second only to the lack of government incentive (51%) and lack of sustainability culture in the consumer market (39%). 

Regarding the adoption of new technologies to boost sustainable production in factories, 75% are interested in lines of credit for new green technologies. Another 66% said they needed new low-carbon technologies and 59% were interested in modernizing machinery to achieve decarbonization goals. 

Also on this point, the performance of public authorities is considered insufficient: 88% believe that there is a lack of tax incentive to make this type of change.

carbon market

In addition to these measures, the The creation of a regulated carbon market is highlighted by interviewees as a necessary advance in the sustainable agenda. 

To 78% of entrepreneurs, law that regulates the initiative, under discussion in the Chamber of Deputies, is considered important or very important.

“A regulated carbon market that includes, for example, industry participation in governance and does not consider disproportionate sanctions and penalties, will help the country achieve its climate goals,” said Muniz.

For him, the initiative needs to be understood as a complementary measure to other green agendas, such as the “expansion of renewable energy, the strengthening of the national biofuels policy and, mainly, the reduction of illegal deforestation”, he added. 

Photo by Henrique Hein
Henrique Hein
He worked at Correio Popular and Rádio Trianon. He has experience in podcast production, radio programs, interviews and reporting. Has been following the solar sector since 2020.

An answer

  1. Even though it is the largest multi-energy power on the planet, Brazil still has a great lack of energy, which will be necessary for Green Reindustrialization. Canada, for example, offers 4,4 times more energy per capita than Brazil, and at much lower costs. In this context, solar energy is the quickest to be implemented, with new solar plants, GDMM and GD, and is the one that most attracts the attention of those who strategically need energy, both photovoltaic, thermo solar and heliothermic, the first requiring the grid as , and the second requiring from Gas or Biogas, to guarantee day-night operations. The intermittency and seasonality factor, which is often forgotten, must be considered for the balance of the system, and the policies developed so that the Regeneration of Forests, together with Water Recovery, Biomass Reuse, Biogas, MSW and Sanitation, guarantee that the water systems and all renewable and clean sources, constant and intermittent, contribute to the energy matrix and its balance.

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