Macro Analysis /
Brazil

Brazil’s electricity shortages and climate change

  • Brazil’s ongoing drought is causing a fall in the hydroelectric dam reservoir levels, endangering electricity supply.

  • States of emergency have been declared in five states that are key to manufacturing and agricultural production.

  • Reduced supply and higher costs for power will dampen Brazil’s economic recovery.

Brazil’s electricity shortages and climate change
IHS Markit
6 August 2021
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