Brazil approves Energy Transition Plan on the eve of COP31

The Brazilian government has approved the National Energy Transition Plan, aiming to reduce fossil fuel dependence over the next four years ahead of COP31 in Turkey. President Lula da Silva emphasized Brazil's potential to lead globally in this transition, presenting concrete alternatives based on the country's experiences. He highlighted the reduction of emissions and deforestation rates, aiming to showcase Brazil's achievements at the conference. Lula also mentioned the establishment of the Tropical Forests Forever Fund and the Amazon Fund, advocating for environmental preservation as a profitable investment opportunity.