TCU to carry out international research on audit institutions' efforts in energy transition
This study maps trends associated with the impacts of the energy transition on the extractive industries and analyzes how supreme audit institutions (SAIs) monitor the performance of governments on the issue
By Secom / Serint
This study maps trends associated with the impacts of the energy transition on the extractive industries and analyzes how supreme audit institutions (SAIs) monitor the performance of governments on the issue
From July 24 to 27, representatives of the Brazilian Federal Court of Accounts (TCU) attended the assembly of the INTOSAI WGEI (International Organization of Supreme Audit Institutions Working Group on Audit of Extractive Industries). This group specializes in issues related to extractive industries, and the theme of the meeting held in Jakarta, Indonesia, was global energy transition.
In a video message recorded for WGEI members, the president of TCU and chair of INTOSAI, Minister Bruno Dantas, highlighted that auditing government policies and investments associated with energy transition is a complex task, especially from an international perspective. He pointed out that “diverse regulatory environments, varying methodologies, and different political and economic scenarios can pose potential obstacles. However, these challenges also offer opportunities. Overcoming them requires the evolution of our strategies, adopting a holistic and global approach to energy responsibility.”
According to Dantas, the environmental footprint of extractive industries requires a global shift towards sustainable practices. He said, "SAIs can lead the way, sharing best audit practices, resources and knowledge to oversee the regulation of these industries and promote sustainability.”
At the opening ceremony of the event, the head of the Department of External Control for Energy and Communications (SecexEnergia), Alexandre Figueiredo, recalled that "SAIs have the potential to stimulate energy efficiency and diversification of the energy matrix in a scenario where the expansion of renewable sources is fundamental not only to reduce greenhouse gas emissions, but also to promote the economic and social development of countries.”
TCU to carry out international research
During the program, the TCU delegation presented a survey prepared by SecexEnergia to assess the efforts in energy transition undertaken by the supreme audit institutions (SAIs) that make up the group. This study aims to map regional and global trends associated with the impacts of energy transition on the extractive industries of WGEI member countries and how SAIs assess government action on the issue. The extractive industry explores oil, gas and mining.