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Brazil: a loser in the energy arena
Brazil: a loser in the energy arena
The cost of Brazilian electricity is the most expensive among the BRICS (Brazil, Russia, India, China and South Africa).
This is a situation that has been going on for many years.
But what really worries is the tendency of Brazil to increase the distance in the last position.
The reason is simple. Our competitors are replacing thermal plants by renewable ones to reduce emissions and the unitary cost of electricity produced.
And so Brazil becomes a country less and less competitive because the bulk of its productive activity is of "low added value" in which the energy component has a relevant weight in the list of costs.
It is no wonder that the GDP of the country's industrial activity has shrunk year by year!
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