- South America 2026
- Chapter 2
Key findings
Twelve findings carry the baseline. They are grouped by system, never ranked. Each resolves to its source or, where Nexus analysis is involved, to its stated method.
Contents
- ·Edition home
- ·Executive summary
- 1South America’s risk travels through shared rivers, grids and gas
- 2Key findings
- 3Systems and sectors at baseline
- 4Risks and capability
- 5Basin drought across the Paraná corridor and the Amazon
- 6Readings from the other desks
- 7The 2027 agenda
- 8Systems in depth
- AMethodology
- BData appendix
- CReferences and record
- ·Complete edition, for print
2.1Headline finding
ReportedEQL 4NRF-REGIONAL-SAM-2026-BASELINE-CLI-007
About 400 mm of rain fell in eight hours on Bahía Blanca on 7 March 2025, against a previous daily record of 175 mm set in 1930.
| Item | Bar, scaled to the largest value | Value |
|---|---|---|
| 7 March 2025, in eight hours, about | 400 | |
| Previous daily record, 1930 | 175 |
Source: NASA Earth Observatory image of the day17. The two values cover different time windows and are shown for scale, not as a like-for-like series.
Implication
A single storm can exceed a station record by more than twofold. Port, road, hospital and grain-export services in a coastal city then fail together, which makes flood response a question for several authorities at once17.
What would move it
Rainfall observations, flood-warning performance, the final casualty count and the insured-loss series would each move this finding. The final casualty count is not bound29.
2.2Climate forcing
ReportedEQL 4NRF-REGIONAL-SAM-2026-BASELINE-CLI-001
Brazil emitted 1,299.2 Mt CO₂e and Argentina 374.3 Mt in 2024, excluding land use; the two members together emitted 1,673.5 Mt.6
ReportedEQL 4NRF-REGIONAL-SAM-2026-BASELINE-CLI-002
Brazil’s second pledge sets a 2035 range of 59% to 67% below 2005 (850 to 1,050 Mt CO₂e including land use); Argentina announced a net ceiling of 375 Mt CO₂e for 2030 and 2035.1920
ReportedEQL 4NRF-REGIONAL-SAM-2026-BASELINE-CLI-006
The April and May 2024 floods in Rio Grande do Sul caused BRL 88.9 billion of damage and loss, as assessed by the Inter-American Development Bank with ECLAC and the World Bank Group.16
ReportedEQL 4NRF-REGIONAL-SAM-2026-BASELINE-CLI-007
About 400 mm of rain fell in eight hours on Bahía Blanca on 7 March 2025, against a previous daily record of 175 mm set in 1930.17
2.3Energy
ReportedEQL 4NRF-REGIONAL-SAM-2026-BASELINE-ENE-003
Low-carbon sources supplied 89% of Brazil’s electricity in 2025 (hydro 52%, wind and solar 27%) and 42% of Argentina’s (wind and solar 16%, fossil 58%).1314
ReportedEQL 4NRF-REGIONAL-SAM-2026-BASELINE-ENE-004
In 2021 renewables supplied 46.5% of Brazil’s final energy and 9.2% of Argentina’s; the series reads 77.4% and 25.5% of electricity output for the same year.45
ReportedEQL 2NRF-REGIONAL-SAM-2026-BASELINE-ENE-005
The Garabí back-to-back converter links the Brazilian 60 Hz and Argentine 50 Hz systems at a rated 2,200 MW, and flows have mainly run from Brazil to Argentina.27
2.4Water
ReportedEQL 2NRF-REGIONAL-SAM-2026-BASELINE-WAT-008
The Negro River at Manaus fell to 12.66 m in October 2024, its lowest level in 122 years of record, and the Paraná fell in 2021 to its lowest in nearly 80 years by press accounts.2425
2.5Food
ReportedEQL 4NRF-REGIONAL-SAM-2026-BASELINE-FOO-009
Agriculture, forestry and fishing supplied 6.1% of Brazil’s GDP and 5.5% of Argentina’s in 2025.11
2.6Health
ReportedEQL 4NRF-REGIONAL-SAM-2026-BASELINE-HLT-010
By 26 March 2024 the Americas had over 3.5 million dengue cases and over 1,000 deaths; Brazil accounted for 83% of cases, Paraguay 5.3% and Argentina 3.7%.18
2.7Biodiversity
ReportedEQL 3NRF-REGIONAL-SAM-2026-BASELINE-BIO-011
Forest covered 58.5% of Brazil and 17.1% of Argentina in 2024; protected areas covered 29.4% and 9.7% in 2025; PRODES put Amazon clearing at 5,796 km² for August 2024 to July 2025.3722
2.8Systemic
Expert inputEQL 2NRF-REGIONAL-SAM-2026-BASELINE-SYS-012
The leading compound pathway for 2027 testing is a drought in the Paraná and Amazon basins in which low river levels, hydropower shortfall, gas demand and export logistics coincide. §9.3
Notes
Numbers are the edition’s reference numbers, so a note reads the same in every chapter. The full list, with every source and its licence, is in Annex C. Annex C, references
- 17NASA Earth Observatory (ed.), Bahía Blanca inundated (image of the day, 17 March 2025; about 400 mm in 8 hours on 7 March 2025, previous daily record 175 mm in 1930; page updated 31 January 2026). NASA, Washington, DC. Observation year 2025. Accessed 2026-11-03.back
- 29UNVERIFIED, not opened: Argentine and international press (eds.), Bahía Blanca floods of March 2025 (at least 16 deaths reported, counts rose over several days; no final official total read). Municipality of Bahía Blanca and press, March 2025. Observation year 2025. Accessed 2026-11-03.back
- 6World Bank (ed.), Total greenhouse gas emissions excluding LULUCF, Mt CO2e, AR5 basis (EN.GHG.ALL.MT.CE.AR5), Brazil, Argentina and Latin America & Caribbean aggregate, World Development Indicators API. World Bank, Washington, DC. Observation year 2024. Accessed 2026-11-03.back
- 19Climate Action Tracker (ed.), Brazil: targets (second NDC, 59% to 67% below 2005 by 2035, 850 to 1,050 Mt CO2e including land use, submitted 13 November 2024; page updated 30 June 2026). Climate Analytics and NewClimate Institute. Observation year 2024. Accessed 2026-11-03.back
- 20Subsecretaría de Ambiente, Presidencia de la Nación (ed.), Argentina presentó la tercera contribución determinada a nivel nacional (net emissions not above 375 Mt CO2e for 2030 and 2035, 3 November 2025). Government of Argentina, Buenos Aires. Observation year 2025. Accessed 2026-11-03.back
- 16Inter-American Development Bank, with ECLAC and the World Bank Group (eds.), Damage and loss assessment of the April and May 2024 floods in Rio Grande do Sul (BRL 88.9 billion), as reported by Agência Brasil on 29 November 2024; the assessment itself was not opened. IDB, Washington, DC. Observation year 2024. Accessed 2026-11-03.back
- 13Ember (ed.), Brazil electricity country page (low-carbon share 89%, hydro 52%, wind and solar 27%, fossil 11% of generation in 2025; no generation total on the page). Ember, London. Observation year 2025. Accessed 2026-11-03.back
- 14Ember (ed.), Argentina electricity country page (low-carbon share 42%, wind and solar 16%, fossil 58% of generation in 2025; no generation total on the page). Ember, London. Observation year 2025. Accessed 2026-11-03.back
- 4World Bank (ed.), Renewable energy consumption, % of total final energy consumption (EG.FEC.RNEW.ZS), Brazil and Argentina, World Development Indicators API (latest value returned is 2021). World Bank, Washington, DC. Observation year 2021. Accessed 2026-11-03.back
- 5World Bank (ed.), Renewable electricity output, % of total electricity output (EG.ELC.RNEW.ZS), Brazil and Argentina, World Development Indicators API (latest value returned is 2021). World Bank, Washington, DC. Observation year 2021. Accessed 2026-11-03.back
- 27UNVERIFIED, not opened: Hitachi Energy (ed.), Brazil-Argentina HVDC interconnection, Garabí converter station (2,200 MW back-to-back; 60 Hz and 50 Hz; first phase 2000, second phase 2002; flows mainly Brazil to Argentina per a World Bank case study); taken from search summaries. Hitachi Energy, Zurich. Observation year 2023. Accessed 2026-11-03.back
- 24UNVERIFIED, not opened: Associated Press (ed.), Drought has dried a major Amazon River tributary to its lowest level in over 122 years (Negro River at the port of Manaus 12.66 m, October 2024; the page opened returned not found). AP, New York. Observation year 2024. Accessed 2026-11-03.back
- 25UNVERIFIED, not opened: Associated Press and trade press (eds.), Drought hits South America river, threatening vast ecosystem (Paraná at its lowest level in nearly 80 years, 2021; reports of 77 and 80 years differ; Itaipú output). AP, New York, August 2021. Observation year 2021. Accessed 2026-11-03.back
- 11World Bank (ed.), Agriculture, forestry and fishing, value added, % of GDP (NV.AGR.TOTL.ZS), Brazil and Argentina, World Development Indicators API. World Bank, Washington, DC. Observation year 2025. Accessed 2026-11-03.back
- 18Pan American Health Organization (ed.), PAHO calls for collective action in response to record increase in dengue cases in the Americas (news release, 28 March 2024; data as of 26 March 2024). PAHO, Washington, DC. Observation year 2024. Accessed 2026-11-03.back
- 3World Bank (ed.), Forest area, % of land area (AG.LND.FRST.ZS), Brazil and Argentina, World Development Indicators API. World Bank, Washington, DC. Observation year 2024. Accessed 2026-11-03.back
- 7World Bank (ed.), Terrestrial and marine protected areas, % of total territorial area (ER.PTD.TOTL.ZS), Brazil and Argentina, World Development Indicators API. World Bank, Washington, DC. Observation year 2025. Accessed 2026-11-03.back
- 22UNVERIFIED, not opened: Instituto Nacional de Pesquisas Espaciais (ed.), PRODES estimate for the Legal Amazon, August 2024 to July 2025 (5,796 km2, 11.08% below the previous cycle; Cerrado 7,235 km2), announced 30 October 2025; taken from search summaries because the government page required authentication. INPE, São José dos Campos. Observation year 2025. Accessed 2026-11-03.back
