IBOV 186,502.64 ▲ 0.54% IPSA 11,322.60 ▼ 0.17% IPC MEX 63,507.11 ▼ 1.11% MERVAL 3,079,779 ▼ 0.16% COLCAP 2,567.27 ▼ 0.81% BVL PERÚ 58,641.32 ▼ 0.25% USD/BRL5.15▼ 0.07% USD/MXN17.14▼ 0.04% USD/CLP955.37▼ 0.18% USD/COP3,112▼ 0.09% USD/PEN3.35▼ 0.13% USD/ARS1,506▼ 0.12% USD/UYU40.22▲ 3.15% USD/PYG5,950▲ 3.78% USD/BOB10.92▼ 9.64% USD/DOP58.84▲ 3.23% USD/CRC444.45▲ 1.90% USD/GTQ7.62▲ 3.09% USD/HNL26.85▲ 3.31% USD/NIO36.62▲ 0.29% USD/VES844.40▲ 0.39% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.71▲ 2.05% EUR/BRL5.95▲ 0.32% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 186,502.64 ▲ 0.54% IPSA 11,322.60 ▼ 0.17% IPC MEX 63,507.11 ▼ 1.11% MERVAL 3,079,779 ▼ 0.16% COLCAP 2,567.27 ▼ 0.81% BVL PERÚ 58,641.32 ▼ 0.25% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Wednesday, September 16, 2026

Brazil Politics - Brazil

Brazil’s Audacious Plan to Dominate Green Energy Markets Starts Today

By · October 8, 2024 · 2 min read

The LatAm Brief

One email, every weekday morning. What moved in Latin American markets, politics and expat life.

Yesterday’s subject line: “Maduro's money man just pleaded guilty”

Free. We send a confirmation link first — nothing arrives until you click it. Unsubscribe with one click in any edition. If you stop opening us for 30 days we stop sending by ourselves, as we assume the interest is no longer there. See our privacy policy. We never share your email.

President Lula has signed a new law that’s set to change the way Brazil uses fuel. This “Future Fuel” law aims to make Brazil a leader in clean energy. Here’s why it matters:

The law will boost the use of biofuels like ethanol and biodiesel. Plants make these fuels, which produce less pollution than regular gasoline and diesel.

The government plans to mix more of these cleaner fuels into the gas and diesel we use every day. This initiative could reduce harmful emissions by 705 million tons over the next 13 years.

This reduction is equivalent to removing millions of cars from the roads. It represents a significant move toward reducing global pollution. The law also creates new programs for green diesel and sustainable airplane fuel.

This means even more vehicles and planes could run on cleaner energy in the future. It’s not just about cars—it’s about changing how we power transportation across the board.

Lula's Battle Lost: Central Bank Asserts Independence with Unanimous Rate Hike
Lula’s Battle Lost: Central Bank Asserts Independence with Unanimous Rate Hike.
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
Latin American markets, currencies and companies.
Open the full Ask Rio Times →

Brazil’s Clean Energy Leadership and Economic Impact

Importantly, this law is expected to bring in R$260 ($50) billion in investments. This money could create new jobs and boost Brazil’s economy, especially in farming and fuel production areas.

It might even lead to new technologies that could be used around the world. President Lula believes this law will make Brazil a world leader in clean energy.

He thinks no other country can compete with Brazil when it comes to producing these environmentally friendly fuels.

For everyday Brazilians, this could mean cleaner air to breathe and potentially new job opportunities. It might also help Brazil’s reputation on the world stage as a country that’s serious about tackling climate change.

In simple terms, this law is Brazil’s way of saying it’s ready to play a big part in creating a cleaner, greener future for everyone. It’s a bold move that could have positive effects far beyond Brazil’s borders.

This article was drafted with automated assistance and reviewed before publication. How we use AI · Report an error

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.