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Brazilian President Lula da Silva signs law for Fuel of the Future green package

October 9, 2024 Comments Off

Brazilian President Luiz Inácio Lula da Silva signed Oct. 8 the long-awaited Fuel of the Future program into law, which promises to unlock investments worth Real 260 billion ($46.9 billion) and prevent the emissions of 705 million metric tons of CO2 by 2037. The green package, also known as PL 528/2023 , aims to expand the use of biofuels and…