Brazil has approved a national biofuels policy recognising the strategic role of all types of biofuels in the country’s national energy supply.
The new law was approved by Brazilian president Michel Temer and published in the official federal gazette of Brazil on 26 December after the Senate approved the bill on 12 December.
The RenovaBio policy’s goals included contributing to Brazil’s compliance with the Paris climate agreement, improving energy efficiency and removing greenhouse gas (GHG) emissions, boosting biofuel production and use and ensuring their competitiveness in the national market, wrote Ethanol Producer on 19 December.
The bill proposed the implementation of national biofuel blending mandates, certification, monetary incentives and “actions in accordance with the Paris agreement”.
It also included proposals for carbon credits, which would be granted to biofuel producers based on the amount of emissions they cut and that could be sold on the stock market to industries needing to offset their carbon emissions.
Senator Cidinho Santos said the policy was not only aimed at traditional ethanol and biodiesel fuels, but at all renewable forms of energy.
“There is notable potential for commercial insertion for biogas, biomethane and aviation biokerosene. In this way, it will be a public policy that for the first time will stimulate and recognise the role of biofuels for energy security and their role in reducing GHG emissions in the fuel sector,” he said.