Renewables (Source: Karen Dinucci, ERM)

Environmental licensing is being devolved to municipalities, but capacity problems in local government can cause headaches for consultants. Whilst the pipeline of major projects is constrained due to economic uncertainty, bright spots exist in terms of clean energy developments and demand for specialist climate and sustainability expertise.

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In summary:

  • Newly-branded sustainability superpower Brazil’s sanitation framework provides opportunities for water & environment expert support services, while other staple areas of the market are limited by squeezed public spending and tax reforms
  • Growth in solar and wind energy infrastructure investment helps bolster environmental impact and permitting activities, as Brazil also fast becomes a global hub for the upcoming green hydrogen sector 
  • The process of environmental licensing is being devolved to municipal government, which offers both opportunities and risks across stakeholders
  • International policy and regulations heavily influence the Brazilian market, particularly those centred on climate, nature protection, supply chain and other ESG issues. Annual E&S consulting revenues are estimated in excess of US$550m
  • With traditional environmental service areas saturated with local firms and a handful of well-established non-domestic players, the ESG advisory space is where global professional services firms are targeting new ventures and M&A

This briefing includes comments and contributions from representatives of Antea Brazil, ERM, Mott MacDonald and WSP Earth & Environment Brazil. We thank them for their valuable perspectives.