Presentation Description: Despite the apparently counter-intuitive association between petroleum and renewable energy, the ultimate development of the latter can greatly benefit from the production of the former in fossil fuel rich countries, such as Brazil and the United States. This study presents a simulation of potential rent generation from the oil & gas production in Brazil between 2020 and 2030 and assesses how these resources, if properly allocated, can pave the way for the development of renewable energy large scale generation. Findings show that a comprehensive program for the increase in renewable energy production, with focus on solar energy, is not only feasible but needs less than half of the as-is government share on the national petroleum production.
Methodology: I intend to engage the audience by showing them that apparently obvious questions may have other counter-intuitive answers, and that fossil fuels production can actually help to develop the renewable sources industry.
demonstrate that revenue from fossil fuels production can be applied towards the development of renewable sources industry.
diagnose their own markets for possible similar opportunities and formulate their own proposals to use local oil and gas production taxes for the same end.