Global Scans · Brazil · Weekly Summary

WHAT'S NEXT?: A recession in Brazil is expected to bottom out with growth turning positive starting in 2017. Its economy is expected to require a long period of fiscal and monetary adjustment after the political turmoil and public discontent of the last two years.

• [New] By 2030, over 600 wells are expected to be drilled at Lula, with Brazil's national production forecasted to reach 4.9 million bpd by 2032. Ocean News & Technology
• [New] Brazil has the potential to supply up to 40% of Europe's green hydrogen demand by 2040. The Rio Times
• [New] Offshore wind could generate up to 516,000 jobs and contribute R$ 902 billion to Brazil's GDP by 2050. The Rio Times
• [New] The World Bank estimates Brazil's total offshore wind technical potential at 1,200 GW - 480 GW fixed-bottom and 748 GW floating. The Rio Times
• [New] A major near-term signal is the Dom Inocencio wind project - an 828 MW facility in Piaui, where Casa dos Ventos has ordered over 100 Vestas turbines, with construction starting in 2026 and commissioning targeted for 2028, making it the first major new wind project approved in Brazil since 2023. The Rio Times
• [New] Projected revenue from Brazil's soy complex exports was cut to $51.18 billion for 2026 from the $58.17 billion estimated last month. ADMISI
• [New] Soybean exports alone are expected to generate $42 billion in revenue in 2026, down from a previous estimate of $49 billion. / Brazil ADMISI
• [New] The recent economic data projecting India's GDP growth rate for FY 2026-27 at 7.0% by the RBI is a good indicator of its economic prowess, as it is way ahead of all the G20 nations, including Germany, Brazil, and China. Diplomatist
• [New] Brazil is expected to produce 356.3 million tonnes of grains in the current season, representing an increase of 1.2% - or 4.1 million tonnes - compared to the previous cycle. All About Feed
• [New] Brazil expects to export a record-breaking 113.6 million metric tons of soybeans in 2026, with China being the number one destination for Brazilian exports. agtechnavigator.com
• [New] Brazil's Ministry of Mines and Energy expects tests to increase biodiesel's share in diesel to begin in May. valorinternational
• [New] Brazilian legislation sets 2030 as the start date for the regulated carbon market. valorinternational
• [New] Brazil will need more than USD 700 billion by 2050 to reach carbon neutrality, requiring USD 15 billion per year in wind and solar alone by decade's end. The Rio Times
• [New] Demand for Brazilian carbon credits could grow by up to 530% from 2030 onwards, according to ICC Brasil analysis, as the SBCE comes online and Article 6 (Paris Agreement) mechanisms mature. The Rio Times
• [New] The initiative, led by Brazil and a coalition of tropical forest countries, could bridge the gap between biodiversity and climate agendas. EN Integrity Next
• [New] A voluntary roadmap to halt and reverse deforestation by 2030 was announced, to be developed outside the formal UN framework. / Brazil EN Integrity Next
• [New] Brazil, for example, are always a threat with an abundance of skillful players and a robust attacking philosophy. MercoPress

Last updated: 05 May 2026