Reforms of The Energy Sector
At the end of the 1990s and the beginning of the 2000s, Brazil's energy sector underwent market liberalization. In 1997, the Petroleum Investment Law was adopted, establishing a legal and regulatory framework, and liberalizing oil production. The key objectives of the law were the creation of the CNPE and the ANP, increased use of natural gas, increased competition in the energy market, and investments in power generation. The state monopoly of oil and gas exploration was ended, and energy subsidies were reduced. However, the government retained monopoly control of key energy complexes and administered the price of certain energy products.
Current government policies concentrate mainly on the improvement of energy efficiency, in both residential and industrial sectors, as well as increasing renewable energy. Further restructuring of the energy sector will be one of the key issues for ensuring sufficient energy investments to meet the rising need for fuel and electricity.
Read more about this topic: Energy In Brazil
Famous quotes containing the words reforms of, reforms and/or energy:
“We shall one day learn to supersede politics by education. What we call our root-and-branch reforms of slavery, war, gambling, intemperance, is only medicating the symptoms. We must begin higher up, namely, in Education.”
—Ralph Waldo Emerson (1803–1882)
“We shall one day learn to supersede politics by education. What we call our root-and-branch reforms of slavery, war, gambling, intemperance, is only medicating the symptoms. We must begin higher up, namely, in Education.”
—Ralph Waldo Emerson (1803–1882)
“The very presence of guilt, let alone its tenacity, implies imbalance: Something, we suspect, is getting more of our energy than warrants, at the expense of something else, we suspect, that deserves more of our energy than we’re giving.”
—Melinda M. Marshall (20th century)