(Reuters) – Brazil has signed a deal to triple renewables by 2030 and phase out the use of coal, according to a letter seen by Reuters on Friday, joining a possible deal subsidized through the European Union, the United States and the United Arab Emirates. .
South America’s largest country is now among about a hundred countries that have signed the agreement, according to an EU official familiar with the matter.
Sources told Reuters earlier this month that the goal of the deal being officially enforced is for leaders to attend the U. N. COP28 climate convention that begins next week in Dubai.
Brazil’s embassy in Abu Dhabi said in a letter to the UAE’s Ministry of Foreign Affairs that it would sign the agreement titled “Global Commitment to Renewable Energy and Energy Efficiency Goals. “
Brazil’s Foreign Ministry did not respond to questions about the letter.
Brazil is already a major player in the renewable energy sector. More than 80% of the country’s electricity comes from renewable sources, adding to the expanding hydro, solar and wind power.
Coal accounts for more than 1% of Brazil’s electricity, according to official statistics.
The draft renewable energy pledge, reviewed by Reuters, commits to “phasing out coal-fired power,” ending funding for new coal-fired power plants.
It also includes a commitment to double the global annual rate of improvement in energy capacity to 4% per year by 2030.
(Reporting via Valerie Volcovici and Jake Spring; editing by Osmond)
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