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Gas Market Lessons from the 2022-2023 Energy Crisis
The 2022-2023 energy crisis tested the resilience of the global gas and LNG markets with the most severe gas supply shock in history. During the crisis, natural gas-importing markets around the world felt the pressures of record-high gas prices, including the scale-back in access to energy, the impediment to economic activity and the extra burden on government budgets. Market responses varied but governments were quick to react as the challenges of security of supply became apparent. Post-crisis, markets must continue to adapt as the effects of the crisis continue to influence security of gas supply…
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Pledges to Progress 2025
An assessment of transparency of the oil and gas industry’s emissions reduction efforts At COP28, more than 50 of the world’s leading oil and gas companies launched the Oil and Gas Decarbonization Charter (OGDC), laying out a series of ambitions to achieve net zero operational emissions by 2050. As global methane and flaring emissions continue to rise, these ambitions are more important than ever to reduce energy waste and mitigate the harmful consequences of climate change.To support accountability and transparency, the International Energy Agency (IEA), the United Nations Environment Programme (UNEP) International Methane Emissions Observatory (IMEO) and…
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Cross-Ministry Ruling No. 364/2007
Applies to window and split air conditioner produced in Brazil or imported to Brazil. More stringent standards have been put in place under Cross-Ministry Ruling No. 323/2011. Window ACCooling capacity = 9.000 Btu/h (2.637 W) - COP 2.08 W/W9.000 < CC < 14.000 Btu/h (2.637 < CC < 4.102 W) - COP 2.16 W/W14.000 = CC < 20.000 Btu/h (4.102 = CC < 5.860 W) - COP 2.24 W/W20.000 = CR Btu/h (5.860 = CC W) - COP 2.11…
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BNDES grants, equity and debt for energy projects
…R$20 million, or >R$10 million in North and Northeast) and indirect (>R$20 million) financing for R&D&I compatible with the new Industrial Policy or national policies related to the Environment; pioneering plants; technological diffusion; digitalization and technology parks.
Technological Diffusion. Indirect financing (<=R$20 million) for purchase of equipment with innovative technologies; IT goods with national technology and that comply with the Basic Production Process (PBB); and for the contracting of technological services.
Automatic Investment. Indirect financing to support the digitalization and digital transformation of companies within the scope of the Brasil Mais Produtivo Program. -
Regulatory sandbox for electric demand response
In 2024, Brazil's electricity regulator approved a regulatory sandbox for demand response, targeting large consumers, building on its Tariff Sandbox to test new tariff models for low-voltage consumers, launched in 2023. It launched a public consultation on a voltage control sandbox in 2024.
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Law 14,871/24 on tax incentives for modernization of industry
This Act provides tax incentives for the modernization of Brazil's industrial park. The government shall allocate R$3.4 billion to fund this incentive over a period of up to two years. The programme aims to increase the efficiency of the country's industries and attract investments.
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BNDES financing to new wind farms 2023
The National Bank for Economic and Social Development (BNDES) of Brazil approved a total of BRL 907 million in financing for Casa dos Ventos to implement four wind farms in Rio Grande do Norte. With a total installed capacity of 202.5 MW, the projects will form the Umari Wind Complex that will supply around 500,000 homes in the area.
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Support for biogas production in Goiás
The National Bank for Economic and Social Development (BNDES) of Brazil grants additional financing to the company Albioma Codora Energia to implement a biogas production line at the Goianésia/GO cogeneration plant using vinasse from the sugarcane fermentation.
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Decree 10.657. Establishes the policy to support the environmental licensing of investment projects for strategic minerals production.
In 2021, the Brazilian President signed a decree to establish a policy to support environmental licensing of investment projects for strategic minerals production (National Strategic Pro-Minerals Policy). This initiative aims to prioritise government efforts to implement projects for strategic minerals production and the country’s development (article 1 and 2 Decree 10.657). To be included in the Strategic Pro-Minerals Policy, mining investment projects may be qualified upon request of the project owner, according to the following criteria:I – Minerals that have a high percentage of imports and which are needed to supply vital sectors of the Country…
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Increase in Import Tax on Selected Steel Products
In April 2024, Brazil increased the import tariff on products corresponding to 11 steel tariff codes to 25%, and implemented import volume quotas for those, above which additional tariff are implemented. The measure is due to last 12 months.