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Norway has significantly increased its investments in Brazil, with a 900% rise over the last decade, totaling nearly $14 billion by 2024. About 300 Norwegian companies are active in Brazil, focusing on renewable energy projects with $1.8 billion allocated since 2023.

In 2024, a memorandum was signed to create decarbonized maritime corridors between Brazil and Europe. The Norwegian firm TOMRA is assessing Brazil's regulatory landscape for recycling, which could enhance investment in recycling infrastructure. The Brazilian government has established ambitious recycling targets, aiming for 50% recovery by 2040, which could attract private capital.