Brazil's Renewable Energy Surpasses Fossil Fuel Subsidies

Brazil's renewable energy subsidies are set to exceed fossil fuel subsidies in 2024, potentially increasing taxpayers' electricity bills. The renewable energy discounts are reaching 11.5 billion reais this year, surpassing the 10.7 billion reais budgeted for subsidies for isolated areas' fossil fuel generation. The trend is expected to continue as renewables expand and CCC fund for isolated areas decreases, with renewable energy contributing to lower prices.