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.
A variety of projects are expected in several fields with different purposes, like forest restoration, recycling, soil protection, and climate regulation.
The Petrobras–BNDES partnership will add up to an investment of $8.3 million over the course of five years, for reforestation projects through public procurement and shared management.
For this year, the resolution set as a mandatory target 24.86 million units of Decarbonization Credit (CBIO). In 2022, the target established is 35.98 million CBIO units issued by fuel producers and importers.