AreaBrazil
Commodity GroupBiofuels
CommodityBiodiesel
Date01/12/2017
Policy CategoryRenewable energy
Policy InstrumentBiofuel policy
DescriptionPassed RenovaBio, a package of incentives and regulatory measures concerning renewable fuels aimed at i) stimulating domestic biofuel production and consumption; ii) attracting investments; and iii) fostering competition within the sector.
NotesBrazils Upper House passed RenovaBio, the policy package on renewable fuels endorsed by the Lower House last November (see MPPU Dec.17). Markets expect the bill to be signed into law by the President in the near future. Next steps will include the formulation of: exact mandates for domestic biofuel consumption between 2020 (the new programmes expected year of implementation) and 2030; detailed fuel standards and certification rules; and carbon credits and fiscal/financial/credit incentives for biofuel producers. In addition to bioethanol and biodiesel, the programme will also promote the commercialization of biogas, bio-methane and aviation biofuel.
