Brazil Reduces Emissions by 16.7% in 2024 Ahead of COP30

A week before COP30, Brazil announces an unprecedented drop in greenhouse gas emissions, driven mainly by reduced deforestation, with uneven sectorial dynamics, amid controversial offshore oil exploration.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Brazil reported a 16.7% reduction in its gross greenhouse gas emissions in 2024, amounting to 2.145 gigatonnes of CO₂ equivalent (GtCO₂e) compared to 2.576 GtCO₂e in 2023, according to data released by the non-governmental organization network Observatório do Clima (SEEG). This marks the largest annual decrease since 2009, just days before the opening of the United Nations Climate Conference (COP30) in Belém.

Deforestation Decline Supports Emission Reductions

The decrease in emissions is primarily attributed to a reduction in deforestation, which remains Brazil’s largest source of emissions. Land-use change accounted for 42% of gross emissions in 2024, compared to 29% from agriculture and 20% from the energy sector. From August 2024 to July 2025, the satellite-based PRODES system of the National Institute for Space Research (INPE) recorded an 11.08% drop in deforestation in the Amazon, reaching 5,796 km², the lowest level seen in eleven years.

In the Cerrado, the reduction was 11.49% over the same period. These results align with the Brazilian government’s climate trajectory and its 2035 reduction targets. Observatório do Clima stated that “the new data shows the impact of the government resuming control over deforestation,” referring to the previous administration.

Contrasting Dynamics Between Climate Policy and Energy Strategy

Despite the rapid decline in deforestation, uncertainties remain about the coherence of public policies. A recent approval for offshore oil exploration highlights these tensions. On October 20, 2025, the Brazilian Institute of Environment and Renewable Natural Resources (Ibama) issued an environmental license for Petrobras to conduct exploratory drilling on the FZA-M-059 block, located offshore the state of Amapá. The company announced the immediate start of the drilling phase, which is expected to last about five months.

This operation comes as Brazil seeks to strengthen its negotiating position at COP30. The leaders’ summit on November 6-7, followed by the main conference from November 10-21 in Belém, will highlight the country’s commitments, including its Nationally Determined Contributions (NDCs).

Emission Reduction Trajectories Affected by Economic Conditions

SEEG also emphasized that the positive results of 2024 may not persist without sustained political and economic efforts. The factors driving this year’s reductions were both cyclical and structural, suggesting a strong dependence on public action. The challenge for authorities will be to align climate policy with medium-term energy choices, especially in a context where offshore oil exploration remains strategic for the country’s trade balance.

The Algerian government plans a full upgrade of the SCADA system, managed by Sonelgaz, to improve control and supervision of the national electricity grid starting in 2026.
Facing annual losses estimated at up to $66mn, SEEG is intensifying field inspections and preparing the rollout of smart meters to combat illegal connections.
The British government confirms its ambition to decarbonise the power sector by 2030, despite political criticism and concerns over consumer energy costs.
Enedis plans a €250mn ($264mn) investment to strengthen Marseille’s electricity grid by 2030, including the full removal of paper-insulated cables and support for the port’s electrification.
Energy ministers coordinate investment and traceability to curb China’s dominance in mineral refining and stabilize supply chains vital to electronics, defense, and energy under a common G7 framework.
Electricity demand, amplified by the rise of artificial intelligence, exceeds forecasts and makes the 2050 net-zero target unattainable, according to new projections by consulting firm Wood Mackenzie.
Norway's sovereign wealth fund generated a €88 billion profit in the third quarter, largely driven by equity market performances in commodities, telecommunications, and finance.
The German regulator is preparing a reform favourable to grid operators, aiming to adjust returns and efficiency rules from 2028 for gas pipelines and 2029 for electricity networks.
Bill Gates urges governments and investors to prioritise adaptation to warming effects, advocating for increased funding in health and development across vulnerable countries.
The Malaysian government plans to increase public investment in natural gas and solar energy to reduce coal dependency while ensuring energy cost stability for households and businesses.
The study by Özlem Onaran and Cem Oyvat highlights structural limits in public climate finance, underscoring the need for closer alignment with social and economic goals to strengthen the efficiency and resilience of public spending.
Oil major ExxonMobil is challenging two California laws requiring disclosure of greenhouse gas emissions and climate risks, arguing that the mandates violate freedom of speech.
The European Court of Human Rights ruled that Norway’s deferral of a climate impact assessment did not breach procedural safeguards under the Convention, upholding the country’s 2016 oil licensing decisions.
Singapore strengthens its energy strategy through public investments in nuclear, regional electricity interconnections and gas infrastructure to secure its long-term supply.
As oil production declines, Gabon is relying on regulatory reforms and large-scale investments to build a new growth framework focused on local transformation and industrialisation.
Cameroon will adopt a customs exemption on industrial equipment related to biofuels starting in 2026, as part of its new energy strategy aimed at regulating a still underdeveloped sector.
Facing a persistent fuel shortage and depleted foreign reserves, the Bolivian parliament has passed an exceptional law allowing private actors to import gasoline, diesel and LPG tax-free for three months.
Ghana aims to secure $16 billion in oil revenues over ten years, but the continued drop in production raises doubts about the sector’s long-term stability.
The government of Kinshasa has signed a memorandum of understanding with Vietnam's Vingroup to develop a 6,300-hectare urban project and modernise mobility through an electric transport network.
ERCOT’s grid adapts to record electricity consumption by relying on the growth of solar, wind and battery storage to maintain system stability.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.