The term biofuel is referred to liquid, gas and solid fuels predominantly produced from biomass.Biofuels include energy security reasons, environmental concerns, foreign exchange savings, and socioeconomic issues related to the rural sector.There are several reasons for biofuels to be considered as relevant technologies by both developing and industrialized countries.The biofuel economy will grow rapidly during the 21st century.
The proposed changes would reduce carbon emissions by about two megatonnes per year.
Elizabeth Farina, president of cane industry group Unica, said lawmakers quickly approved the program because of its benefits to the environment and public health.
The ethanol sector expects the program to double demand for the fuel in the country in 10 years, reducing the need to import petroleum-based products.
As a secondary result, Renova Bio will also create Brazil’s first carbon market, since fuel distributors who fail to meet their mandates every year will have to buy emissions reduction certificates known as CBios to comply.
But the program was not unanimously supported within Temer’s government.