According to the Brazilian Infrastructure Center (CBIE), Brazil is able to lead global biofuel production. Bruno Pascon, director and partner at CBIE, highlights the potential of biofuels and argues in favor of tax incentives to boost the industry. “Brazil currently produces more biofuels than any other country in the world (behind the United States), but we have far more potential. We are also discussing a circular economy and clean, renewable energy. The government must stimulate the use of differential rates to promote changes ” said Pascon. According to the CBIE, it would be crucial for Brazil to capitalize on its natural resource advantages to become a global leader in the process of the energy transition, advancing in renewable energies, and new technologies.
Sources: Ubrabio – União Brasileira do Biodiesel e Bioquerosene/União Nacional da Bioenergia (*Translated by Ia Niani)