RenovaBio — Law 13.576/2017
Fuel distributors must retire decarbonisation credits (CBIOs) in proportion to the fossil fuel they sell.
Timeline
- 2017
Law 13.576 creates the programme.
- 2020
First compliance year with individual distributor targets.
- 2026
Annual targets continue to rise under the CNPE decarbonisation curve.
- 2030
Cumulative decarbonisation target for the transport fuel matrix.
Requirements
- Annual national decarbonisation target set by the National Energy Policy Council and split among distributors by CNPE/ANP resolution.
- Biofuel producers must hold a certification issued by an accredited inspection firm to issue CBIOs.
- CBIOs are issued per unit of avoided emissions and traded on B3.
Compliance status & enforcement
- Administrator
- Agência Nacional do Petróleo, Gás Natural e Biocombustíveis (ANP)
- How compliance is shown
- Distributors buy and retire CBIOs on the B3 exchange; retirement is verified against each firm's individual target.
- Penalty for shortfall
- Fines from R$100,000 up to R$50 million depending on the size of the shortfall, under Law 13.576/2017.
- Tradable unit
- CBIO (one tonne CO2e avoided)