Brazil’s RenovaBio price surge pits gas costs against emissions mitigation

Published 22:00 on July 12, 2022  /  Last updated at 22:00 on July 12, 2022  /  Americas, RINs & LCFS, South & Central  /  No Comments

The Brazilian Ministry of Mines and Energy (MME) has two obvious options for reducing sky-high Decarbonisation Credit (CBIO) values under its RenovaBio programme, either raise the price of gasoline during an election year or weaken the biofuel market’s CO2 mitigation goals, according to a World Bank economist.

The Brazilian Ministry of Mines and Energy (MME) has two obvious options for reducing sky-high Decarbonisation Credit (CBIO) values under its RenovaBio programme, either raise the price of gasoline during an election year or weaken the biofuel market’s CO2 mitigation goals, according to a World Bank economist.

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