In Brazil, Valor Economico reports decarbonization credits (CBios), created for distributors to meet their greenhouse gas emission reduction targets in the RenovaBio program, can be used as a “currency” within a new fund created by the manager Iwá. It will be possible to use fund quotas to ensure barter operations between biofuel plants, agricultural input […]
In Brazil, President Lula signed into law on Monday Law No. 15,082, which establishes the National Biofuels Policy (RenovaBio). The current text amends Law No. 13,576, of December 26, 2017, and now includes certified plants and raw material suppliers in the distribution of so-called Decarbonization Credits (CBIOs), in addition to improving the regulatory framework for […]
In Brazil, with a deadline of March 2023 to meet the goals for 2023, distributors with obligations to RenovaBio would already be able to meet the program’s objectives – at least, technically. According to the National Petroleum, Natural Gas and Biofuels Agency (ANP), 5.5 million decarbonization credits (CBios) relating to the 2023 target were retired […]
