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This episode focus on Brazil's energy transition and the paradoxical role of oil revenue in funding green initiatives. Several sources detail Brazil's efforts, including the Eco Invest Brasil program and multi-billion-dollar commitments from multilateral agencies like the IDB to boost foreign investment and reduce currency risk in decarbonization projects. Conversely, Brazil's state-controlled oil company, Petrobras, is expanding oil and gas exploration, particularly in the Equatorial Margin, with the rationale that oil profits are essential to finance its transition into a broader energy company and support national green projects, despite significant environmental opposition. Furthermore, the documents touch upon Brazil's mixed climate performance, noting its high reliance on renewables for electricity but also its status as a major emitter due to the agricultural sector and deforestation, while simultaneously highlighting the country’s role in global climate diplomacy, such as launching the Open Coalition on Compliance Carbon Markets ahead of COP30.

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