Launch of the New Brazil-US Partnership for the Energy Transition

President Luiz Inácio Lula da Silva and US President Joe Biden launched the New Brazil-US Partnership for the Energy Transition on November 19, during the G20 Leaders' Summit in Rio de Janeiro

Brazil and the United States have immense potential to lead the global energy transition on some of its most promising fronts. The text adopted in Rio de Janeiro is based on the shared goal of creating more competitive, clean, fair and resilient economies, in a way that fosters just and inclusive energy transitions and the generation of high-quality jobs while reducing emissions and achieving the 1.5°C goals, consistent with the Paris Agreement.

The New Partnership focuses bilateral collaboration across thre pillars: i) clean energy production and deployment; ii) clean energy technology supply chain development; iii) green industrialization.

Through this new instrument, Brazil and the United States intend to elevate the significant existing collaboration between Brazilian and U.S. institutions, as well as to align incentives and mobilize public, private and multilateral development bank financing to generate a myriad of shared benefits.