Brazil to cut 10% in fuel sector carbon emissions

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In Brazil, the National Energy Policy Council told Reuters that Brazil plans to cut carbon emissions from its fuels sector by 10 percent through 2028, forcing distributors to sell more biofuels. The target is part of RenovaBio, the federal program designed to gradually increase the share of ethanol and biodiesel in the country’s fuel mix. The target released by the CNPE, which will potentially be implemented in 2020, has yet to be approved by President Michel Temer.

Sao Paulo-based sugar and ethanol consultancy Datagro told Reuters on Tuesday that the policies could boost the domestic ethanol market to as much as 47.1 billion liters in 2028, from 26.7 billion liters currently. Datagro projects biodiesel consumption will jump to 11.1 billion liters in 2028, from 5.7 billion liters currently.

André Rocha, head of the National Sugarcane Forum, told Reuters that the legislation will likely boost investments in the sector and lead to gains in scale and efficiency that will ultimately reduce biofuel costs.