The Brazilian government is evaluating setting biofuel mandates to fuel distributors with the aim of increasing consumption of renewable fuels and cutting carbon emissions, the country’s biofuels director Miguel de Oliveira said on Tuesday.
Ethanol and biodiesel mills would issue certificates of emissions reductions (CERs) that would be transferred to fuel distributors when they buy the biofuels. Each distributor would be required to hold a certain number of CERs at the end of a year, according to mandates that would be set by the government.
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