This project aims to expand cooperation between the European Union (EU) and Brazil, contributing to a better understanding of the challenges and opportunities brought by energy transition, exploring new market architectures, regulation and governance systems.
Even though EU member states and Brazil have already made important reforms in their energy sectors, with market liberalization and regulation, energy transition brings new challenges and opportunities following decentralization, digitalization and decarbonization trends. Ongoing transformations require new governance solutions and regulatory frameworks to spread and enhance competitive environments for efficient resource allocation and greater flexibility. In this process, integrating the growing energy resources distributed in the electrical systems is paramount, while establishing a decentralized coordination process through appropriate signal mechanisms which ensure competition, reliability and suitability of resources.
European Commission directives are constantly evolving to address these issues, proposing adjustments to consolidate a common European energy market and accelerate the ongoing transition. EU member countries have varying degrees of implementation of the guidelines and sector reforms. However, European experiences are still relevant to the current stage of reforms in Brazil and its future path, with an emphasis on ongoing reforms in the natural gas and electricity sector.
The cooperation is foreseen to broaden the understanding of the transition challenges, researching policies, concepts, governance and adaptive regulation practices, involving different policy makers, researchers and energy industry stakeholders.
The project includes a visit of Brazilian representatives to the European Union and of an European delegation to Brazil, including a workshop in the city of Brasilia for discussions with Brazilian and European experts and the publication of a report prepared by two energy experts specifically assigned to cover the main themes addressed throughout the study: sustainability, regionalization and digitalization in the energy sector.
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