IBOV 204,765.32 ▼ 0.52% IPSA 10,989.53 ▼ 1.56% IPC MEX 65,312.46 ▲ 0.52% MERVAL 2,830,087 ▼ 2.31% COLCAP 2,565.97 ▼ 0.89% BVL PERÚ 60,766.81 ▼ 0.51% USD/BRL5.00▲ 0.37% USD/MXN17.95▼ 0.21% USD/CLP977.38▲ 0.48% USD/COP3,239▲ 0.96% USD/PEN3.45▲ 0.04% USD/ARS1,520▼ 0.07% USD/UYU40.09▲ 2.39% USD/PYG5,835▲ 3.05% USD/BOB11.87▲ 2.15% USD/DOP60.39▲ 3.87% USD/CRC453.46▲ 2.32% USD/GTQ7.64▲ 3.39% USD/HNL26.86▲ 0.86% USD/NIO36.62▲ 0.26% USD/VES871.68▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.70▲ 2.23% EUR/BRL5.60▼ 0.15% 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 204,765.32 ▼ 0.52% IPSA 10,989.53 ▼ 1.56% IPC MEX 65,312.46 ▲ 0.52% MERVAL 2,830,087 ▼ 2.31% COLCAP 2,565.97 ▼ 0.89% BVL PERÚ 60,766.81 ▼ 0.51% 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%
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Wednesday, October 7, 2026

Brazil’s Global Biofuel Agency Initiative

By · January 20, 2024 · 2 min read

Brazil has taken a significant step in the global energy sector by proposing the creation of an international biofuels agency.

This proposal was presented at Davos, Switzerland’s Global Biofuels Alliance meeting. It reflects Brazil’s leadership in biofuel production and its commitment to sustainable energy.

Brazil’s proposal gains importance as the world’s leading producer of sugarcane ethanol and a major producer of biodiesel.

The country’s vast production of corn ethanol also plays a crucial role. This initiative aligns with Brazil’s presidency of the G20, providing a vital platform to promote biofuels globally.

The proposed agency aims to foster the adoption of biofuels like ethanol and biodiesel in the global energy matrix.

Brazil's Global Biofuel Agency Initiative.
Brazil’s Global Biofuel Agency Initiative.
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These biofuels are seen as key to reducing reliance on fossil fuels and decarbonizing transportation. Brazil’s push includes increasing the blend of ethanol in gasoline and biodiesel in diesel.

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The “Fuel of the Future” program, a cornerstone of Brazil’s proposal, is among the most ambitious plans for decarbonizing mobility on the planet.

Currently under review in the Brazilian Congress, it integrates public mobility policies and analyzes fuel lifecycle from production to consumption.

It also introduces green diesel and sustainable aviation fuel (SAF) into the energy matrix.

The International Energy Agency (IEA) Director, Fatih Birol, acknowledged Brazil’s efforts in the biofuel sector.

He highlighted its role in transport decarbonization and the potential of biogas and biomethane.

These initiatives reduce carbon emissions and present alternatives to natural gas.

In summary, Brazil’s proposal for a global biofuel agency marks a pivotal move towards cleaner energy.

It showcases Brazil’s role in sustainable energy practices and contributes to global efforts to reduce carbon emissions and promote renewable energy sources.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

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