Brazil Essay Example | Topics and Well Written Essays - 500 words

Brazil - Essay Example It relies heavily on these renewable sources of energy for home and commercial purposes. These include solar, wind, and hydraulic energy systems. Brazil has subsidized the equipment required for the renewable energy installations such as the solar panels and wind turbines in order to encourage further use of renewable energy. This has greatly contributed to Brazil being self-reliant in terms of meeting its energy needs, which has, in turn, placed the economy at a vantage point to be able to take advantage of arising opportunities (International Labour Office., & International Institute for Labour Studies, 2011). Brazil, as a country, is richly equipped in terms of mineral resources. It has large reserves of natural gas, which are used in running cars and other machines. Brazil has the highest natural gas deposit than other countries. For example, it has coal reserves that are used in power stations and for operating trains (International Labour Office., & International Institute for Labour Studies, 2011). Additionally, it also produces Uranium used for the production of nuclear energy. Brazil is ranked as the twelfth in terms of oil production in the whole continent. In addition to the renewable sources of energy already in use, it also produces ethanol, which is a by-product of sugarcane that is used for running cars and other basic energy uses. Brazil sources all its energy from its reserves thus no need to source any energy source from outside, and this ensures its self-reliance. Brazil is highly industrialized because of the availability of local sources of energy thus making it the maj or powerhouse in the South American region (Diniz, 2014). The Brazilian population is significant in its strategic positioning as a nation. It has been on the steady increase over the recent years. This is essential for the provision of labour and market for goods produced. This has led to many investors choosing to do business in Brazil since it has better working