Brazil regulates its national biofuel policy law

Photo by Steve Jurvetson (Flickr) [CC BY 2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons

March 15 (Renewables Now) - Brazil's Ministry of Mines and Energy announced on Wednesday that President Michel Temer has signed a decree to regulate the National Biofuel Policy (RenovaBio).

According to the new guidelines, the National Energy Policy Council (CNPE) will be in charge of defining the compulsory annual greenhouse gas emission reduction targets in regards to the country's fuel sales. The targets stipulated by CNPE will be individualized for each fuel distributor, proportionate to their participation in the market, the ministry stated.

The measure also establishes the RenovaBio Committee to work as a technical support body for CNPE. This committee will be responsible for conducting studies and public consultations, as well as monitoring the supply and production chain of Brazil's biofuels.

National Petroleum Agency (ANP) will evaluate the criteria for the certification of biofuels and accreditation of its producing firms. Lastly, the document states that the annual targets must be defined until July 15, 2018 and become effective for the period from July 24, 2018 to December 31, 2028. The individual compulsory goals should be made public by August 1, 2019 and be in effect as of the year end.

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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