G20 BELIEVES DIPLOMATIC DISCUSSION IS CRUCIAL TO INCREASING BIOFUEL USE

Brazil, as the current president of the G20, stands out as a mediator between developed and developing countries in the promotion of biofuels to combat climate change. At a conference held in Rio de Janeiro, representatives highlighted Brazil’s potential to become a global leader in this field. Over the next five years, Petrobras intends to invest USD 11.5 billion in biofuels. Moreover, BNDES is committed to funding renewable energy. To reduce expenses and pollution, Rio de Janeiro has implemented sustainable energy schemes. Brazil aims to encourage communication between the Global North and South and advance sustainable solutions.
Source: Agência Brasil (*Translated by Ia Niani)