IBOV 177,894.97 ▼ 0.06% IPSA 10,996.46 ▼ 0.48% IPC MEX 66,848.35 ▲ 0.22% MERVAL 3,188,971 ▼ 2.61% COLCAP 2,374.67 ▼ 0.42% BVL PERÚ 57,475.88 ▲ 2.27% USD/BRL5.12▼ 0.22% USD/MXN17.21▼ 0.26% USD/CLP907.42▼ 0.39% USD/COP3,192▼ 1.55% USD/PEN3.39▼ 0.20% USD/ARS1,496▲ 0.12% USD/UYU40.19▲ 1.51% USD/PYG5,932▲ 1.24% USD/BOB12.03▲ 0.12% USD/DOP58.14▲ 1.32% USD/CRC446.90▲ 1.41% USD/GTQ7.62▲ 2.08% USD/HNL26.78▲ 1.44% USD/NIO36.62▲ 0.59% USD/VES753.27▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.99▲ 0.61% USD/TTD6.71▲ 0.83% EUR/BRL5.91▲ 0.68% BRENT 80.20 ▲ 1.06% WTI 76.21 ▲ 0.58% IRON ORE 161.91 — — COPPER 6.68 ▲ 0.85% GOLD 4,254 ▲ 3.88% SILVER 62.38 ▲ 3.87% SOY 1,169 ▲ 1.17% CORN 459.00 ▲ 3.79% WHEAT 639.50 ▲ 0.16% COFFEE 325.25 ▲ 0.35% SUGAR 15.10 ▲ 0.40% ORANGE JUICE 157.35 ▼ 0.63% COTTON 82.58 ▲ 1.79% COCOA 6,078 ▲ 2.60% BEEF 227.85 ▼ 1.41% CATTLE 345.95 ▼ 0.54% LITHIUM 71.69 ▲ 3.28% PETR4 42.50 ▼ 1.28% VALE3 76.31 ▲ 2.24% ITUB4 42.10 ▼ 2.48% BBDC4 18.22 ▼ 1.68% ABEV3 15.87 ▲ 0.63% BBAS3 20.99 ▼ 1.32% B3SA3 15.70 ▲ 0.51% WEGE3 49.17 ▲ 2.01% PRIO3 58.45 ▼ 0.09% SUZB3 43.02 ▼ 0.19% RENT3 39.09 ▲ 2.60% AZZA3 16.04 ▼ 1.17% CSAN3 4.05 ▼ 1.22% RAIZ4 0.28 ▲ 7.69% PCAR3 2.75 — 0.00% GMAT3 3.95 ▼ 0.50% PSSA3 54.25 ▲ 0.46% CVCB3 1.38 ▼ 4.17% POSI3 3.50 ▼ 0.28% SLCE3 13.57 ▲ 1.65% NATU3 8.42 ▼ 0.94% BRKM5 5.83 ▼ 2.18% RANI3 8.34 ▼ 0.95% CSNA3 4.79 ▲ 6.21% CMIN3 5.91 ▲ 3.14% USIM5 7.52 ▼ 0.53% GGBR4 25.87 ▲ 0.94% ENEV3 27.16 ▲ 1.53% CPFE3 46.35 ▲ 0.52% CMIG4 11.28 — 0.00% EQTL3 39.21 ▲ 0.82% LREN3 13.67 ▼ 1.30% VIVT3 31.65 ▼ 2.01% RAIL3 14.12 ▼ 0.28% KLABIN 18.25 ▲ 0.05% RAIA DROGASIL 19.41 ▲ 2.97% RDOR3 34.40 ▲ 1.00% HAPV3 11.78 ▼ 1.09% FLRY3 17.49 ▲ 1.27% SMTO3 13.94 ▼ 3.06% UGPA3 32.60 ▼ 1.51% VBBR3 35.44 ▼ 1.91% BBSE3 42.07 ▲ 1.72% BPAC11 56.75 ▼ 0.65% CURY3 31.75 ▲ 0.95% AERI3 2.19 ▲ 1.86% VIVARA 22.60 ▼ 1.05% COMPASS 24.60 ▼ 1.99% VAMOS 3.33 ▲ 2.15% SANB11 29.10 ▲ 0.59% ASAI3 8.66 ▲ 1.29% SBSP3 28.01 ▲ 1.60% WALMEX 50.13 ▲ 0.68% GMEXICO 217.50 ▲ 2.44% FEMSA 218.19 ▲ 0.42% CEMEX 20.10 ▼ 2.43% GFNORTE 197.72 ▼ 0.46% BIMBO 61.07 ▼ 0.36% TELEVISA 9.60 ▼ 1.23% AMX 21.54 ▼ 0.32% GAP 382.00 ▲ 1.57% ASUR 276.31 ▼ 0.82% OMA 239.84 ▲ 4.11% KOF 187.26 ▲ 1.21% GRUMA 263.07 ▼ 0.34% KIMBER 40.31 ▲ 0.45% SQM-B 62,450 ▲ 0.87% COPEC 6,229 ▼ 1.78% BSANTANDER 79.40 ▼ 1.29% FALABELLA 6,260 ▼ 1.94% ENELAM 87.70 ▲ 0.80% CENCOSUD 1,987 ▲ 1.64% CMPC 1,040 ▼ 0.95% BANCO CHILE 189.02 ▼ 1.80% LATAM AIR 25.45 ▲ 0.79% YPF 7,855 ▼ 3.08% GGAL 7,750 ▼ 2.76% PAMPA 5,375 ▼ 2.27% TXAR 649.00 ▼ 0.84% ALUAR 935.00 ▼ 3.26% TGS 9,520 ▼ 3.74% CEPU 2,303 ▼ 2.83% MIRGOR 1,640 — 0.00% COME 41.92 ▼ 2.94% LOMA NEGRA 3,488 ▼ 2.79% BYMA 291.50 ▼ 0.34% TELECOM ARG 4,358 ▼ 0.63% ECOPETROL 16.31 ▼ 1.78% BANCOLOMBIA 90.01 ▼ 1.21% GRUPO AVAL 5.20 ▼ 0.76% CREDICORP 392.12 ▼ 0.93% SOUTHERN COPPER 195.16 ▲ 4.98% BUENAVENTURA 32.26 ▲ 5.87% MERCADOLIBRE 1,889 ▼ 0.54% NUBANK 14.33 ▼ 0.76% XP 16.97 ▼ 0.35% PAGSEGURO 9.50 ▼ 1.04% STONE 11.23 ▼ 1.06% GLOBANT 38.13 ▲ 2.67% TECNOGLASS 46.25 ▼ 1.10% GAP 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2.97% RDOR3 34.40 ▲ 1.00% HAPV3 11.78 ▼ 1.09% FLRY3 17.49 ▲ 1.27% SMTO3 13.94 ▼ 3.06% UGPA3 32.60 ▼ 1.51% VBBR3 35.44 ▼ 1.91% BBSE3 42.07 ▲ 1.72% BPAC11 56.75 ▼ 0.65% CURY3 31.75 ▲ 0.95% AERI3 2.19 ▲ 1.86% VIVARA 22.60 ▼ 1.05% COMPASS 24.60 ▼ 1.99% VAMOS 3.33 ▲ 2.15% SANB11 29.10 ▲ 0.59% ASAI3 8.66 ▲ 1.29% SBSP3 28.01 ▲ 1.60% WALMEX 50.13 ▲ 0.68% GMEXICO 217.50 ▲ 2.44% FEMSA 218.19 ▲ 0.42% CEMEX 20.10 ▼ 2.43% GFNORTE 197.72 ▼ 0.46% BIMBO 61.07 ▼ 0.36% TELEVISA 9.60 ▼ 1.23% AMX 21.54 ▼ 0.32% GAP 382.00 ▲ 1.57% ASUR 276.31 ▼ 0.82% OMA 239.84 ▲ 4.11% KOF 187.26 ▲ 1.21% GRUMA 263.07 ▼ 0.34% KIMBER 40.31 ▲ 0.45% SQM-B 62,450 ▲ 0.87% COPEC 6,229 ▼ 1.78% BSANTANDER 79.40 ▼ 1.29% FALABELLA 6,260 ▼ 1.94% ENELAM 87.70 ▲ 0.80% CENCOSUD 1,987 ▲ 1.64% CMPC 1,040 ▼ 0.95% BANCO CHILE 189.02 ▼ 1.80% LATAM AIR 25.45 ▲ 0.79% YPF 7,855 ▼ 3.08% GGAL 7,750 ▼ 2.76% PAMPA 5,375 ▼ 2.27% TXAR 649.00 ▼ 0.84% ALUAR 935.00 ▼ 3.26% TGS 9,520 ▼ 3.74% CEPU 2,303 ▼ 2.83% MIRGOR 1,640 — 0.00% COME 41.92 ▼ 2.94% LOMA NEGRA 3,488 ▼ 2.79% BYMA 291.50 ▼ 0.34% TELECOM ARG 4,358 ▼ 0.63% ECOPETROL 16.31 ▼ 1.78% BANCOLOMBIA 90.01 ▼ 1.21% GRUPO AVAL 5.20 ▼ 0.76% CREDICORP 392.12 ▼ 0.93% SOUTHERN COPPER 195.16 ▲ 4.98% BUENAVENTURA 32.26 ▲ 5.87% MERCADOLIBRE 1,889 ▼ 0.54% NUBANK 14.33 ▼ 0.76% XP 16.97 ▼ 0.35% PAGSEGURO 9.50 ▼ 1.04% STONE 11.23 ▼ 1.06% GLOBANT 38.13 ▲ 2.67% TECNOGLASS 46.25 ▼ 1.10% GAP AIRPORT 220.70 ▲ 1.17% ASUR 276.31 ▼ 0.82% OMA AIRPORT 111.00 ▲ 4.00% AMX ADR 24.88 ▼ 0.32% FEMSA ADR 126.28 — 0.00% CEMEX ADR 11.61 ▼ 1.94% PETROBRAS ADR 18.72 ▼ 1.78% VALE ADR 14.83 ▲ 1.71% ITAU ADR 8.19 ▼ 3.53% SANTANDER BR 5.69 ▼ 0.96% AMBEV ADR 3.04 ▼ 0.33% CSN 0.94 ▲ 0.56% GERDAU 5.10 ▲ 0.79% LATAM ADR 55.69 ▲ 2.16% BTC 64,147 ▲ 0.14% ETH 1,870 ▲ 0.11% SOL 73.83 ▲ 0.15% XRP 1.06 ▼ 1.04% BNB 597.23 ▲ 0.75% ADA 0.19 ▲ 1.02% DOGE 0.07 ▼ 0.25% AVAX 6.67 ▼ 0.15% LINK 8.15 ▲ 0.15% DOT 0.85 ▼ 0.82% LTC 44.77 ▼ 0.13% BCH 213.67 ▲ 0.22% TRX 0.33 ▲ 0.43% XLM 0.17 ▼ 0.92% HBAR 0.07 — 0.00% NEAR 1.70 ▼ 1.65% ATOM 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Brazil Politics - Brazil

Biodiesel Debate Heats Up in Brazil’s Future Fuel Legislation

By · March 7, 2024 · 2 min read

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In Brazil, the move to increase biodiesel in diesel fuel ignites debates between the agriculture and energy sectors, involving giants like Petrobras.

This change is part of the “Fuel of the Future” bill, aiming for a greener Brazil with more renewable energy.

Deputy Arnaldo Jardim champions this bill to cut carbon emissions and align with global agreements like Paris’s.

The proposal seeks a biodiesel blend increase to 20% by 2030, a rise from the current 14%.

While aiming for cleaner fuel, the energy sector requests further tests to avoid damage to engines. Petrobras, fearing market share loss, expresses concerns.

Biodiesel Debate Heats Up in Brazil's Future Fuel Legislation
Biodiesel Debate Heats Up in Brazil’s Future Fuel Legislation. (Photo Internet reproduction)
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The biodiesel sector, including soy growers and biofuel makers, has long advocated for this gradual increase.

They argue it ensures stable investment in production capacity, which is especially critical after recent industry setbacks.

An anonymous sector representative emphasizes the need for stable decarbonization policies beyond political fluctuations.

Advancing Sustainable Energy Legislation

This approach aligns with Brazil’s leadership in global emissions reduction talks.

Support also comes from the FPBio, highlighting biodiesel’s benefits like cost-effectiveness and environmental friendliness. Agriculture Minister Carlos Fávaro backs the bill too.

Despite potential executive amendments, Jardim is optimistic about a swift vote. He seeks broad consensus among lawmakers and the government.

The Senate’s debate over who will lead the bill reflects its significance and the biodiesel sector’s challenges, including pushback from Petrobras and transport companies.

The bill could even raise the biodiesel blend to 25% after 2030, subject to technical feasibility, signaling a shift to more sustainable fuel options amid vehicle efficiency and maintenance concerns.

Jardim counters critics by pointing out the absence of widespread engine issues and mentioning stricter biodiesel quality standards in recent years.

This willingness to negotiate shows the complex dialogue on Brazil’s energy future, involving varied government and industry stakeholders.

In short, this legislation marks a pivotal step towards sustainable energy solutions in Brazil.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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