The greenhouse gases emitted at all stages of the carbon-neutral Petrobras Podium gasoline’s cycle will be fully offset by measures to preserve or restore forests in Brazilian biomes. The high-performance fuel is also said to enhance vehicle performance.
The state-run oil giant reported it marked its entry into the voluntary carbon market by purchasing credits equivalent to 175 thousand tons of avoided emissions. The move corresponds to the preservation of 570 hectares of the Amazon forest.
The sectors listed will be given 180 days to bring forth “proposals for the establishment of curves for the reduction of greenhouse gas emissions,” the decree reads.
“Brazil is a green power, and the world knows that,” said the minister in his speech. He pointed out the relevance of its role in the relationship with other countries.
Brazil’s Environment Minister Joaquim Leite argued that the country played a central role in negotiations at the 26th Climate Change Conference (COP26) in Glasgow, which set as a target to reach carbon neutrality by 2050.