Brazil derives only 3% of its electricity from coal, even though it’s cost-effective, due to its significant environmental impact. The shift to cleaner energy is evident. Worldwide, coal-fired power stations produce over one-third of electricity. In Brazil, coal’s share is tiny: 5% of the energy mix and 3% of electricity. In 2021, Brazil halved its […]
Related Posts
Economic Calendar for the Week: Brazil’s GDP and the Fed’s Beige Book in Focus
This week, from Monday (September 2) to Friday (September 6), investors will watch key economic events in Brazil and beyond. Both national and international developments will be important. On Monday, the focus shifts to domestic data. The Getulio Vargas Foundation (FGV) will release the Weekly Consumer Price Index (IPC-S). The Central Bank of Brazil (BCB) […]
Argentina’s Daring Move: Pruning the Legal Jungle
President Javier Milei of Argentina has taken a decisive step towards streamlining the country’s legal system. The government has sent a groundbreaking bill to Congress, aiming to eliminate approximately 70 laws deemed outdated or unnecessary. Federico Sturzenegger, the Minister of Deregulation and State Transformation, announced this initiative on social media. He emphasized the bill’s goal […]

Russia imposes one-time levy on large companies to boost budget
The Russian Duma has passed a bill enforcing a one-time tax on excess earnings from large corporations, aiming to supplement the national budget by an estimated 300 billion rubles (US$3.4 billion) in 2024. This unanimous decision mandates payment by January 28 of the following year. The tax, fixed at 10% of additional profits, is solely […]