Brazil to Cut Carbon Credit Goals for Fuel Distributors

 In Energy

In Brazil, Argus Media reports that Brazil’s hydrocarbons regulator ANP will reduce individual carbon credit targets for fuel distribution companies for 2020, after it halved the industry’s over­all pre-pan­dem­ic target as a result of the eco­nom­ic slow­down.

“Brazil’s energy policy coun­cil CNPE slashed the over­all 2020 target for the sale of Cbios – finan­cial instru­ments traded on the B3 exchange that are issued to bio­fu­el pro­duc­ers as carbon cred­its – to 14.53mn cred­its from the pre­vi­ous 28.7mn,” accord­ing to Argus Media. “The ANP said its next task is to adjust the indi­vid­ual Cbio tar­gets for fuel dis­trib­u­tors, which are required to pur­chase the cred­its from bio­fu­el pro­duc­ers to offset the green­house gas emis­sions of their fossil fuel sales in the pre­vi­ous cal­en­dar year.

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Category: Policy

Biofuels Digest source|articles

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