PUBLICATION
Brazil Power 2014 POWER Release
Brazil’s electricity market is huge and vast. It is the largest in Latin America and tenth largest in the world, with an installed capacity of 121,000 megawatts (MW). Brazil’s National Interconnected System (SIN) connects the entire country and, if superimposed over Europe, would enable Lisbon to sell energy to Moscow. It is one of the cleanest energy matrices on earth, with renewable energy contributing 47% of total energy production. Finally, it is a unique and evolving model with 2014 marking the tenth anniversary of the system of auction concessions launched as part of the 2004 reforms that followed the energy crisis of 2001. The “Brazilian model” has matured considerably over the past decade and is now respected globally for fostering competition. 2012, however, saw some major regulatory changes, which disrupted the electricity market and dampened the country’s economic outlook.
RECENT PUBLICATIONS
It is said that mining is a patient industry. Current demand projections are not. Demand for minerals deemed ‘critical’ is set to increase almost fourfold by 2030, according to the UN. Demand for nickel, cobalt and lithium is predicted to double, triple and rise ten-fold, respectively, between 2022 and 2050. The world will need to mine more copper between 2018 and 2050 than it has mined throughout history. 2050 is also the deadline to curb emissions before reaching a point of ‘no return.’ The pace of mineral demand and the consequences of not meeting it force the industry to act fast and take more risks. Mining cannot afford to be a patient industry anymore. The scramble for supply drives miners back to geological credentials, and therefore to places like the African Central Copperbelt.
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