Temer enacts Brazil's biofuel policy

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Thursday, December 28, 2017

Brazil's President Michel Temer on Wednesday signed into law a bill that creates the country's national biofuel policy, known as RenovaBio.

RenovaBio's goal is to foster the production of biofuels to comply with the Paris agreement on the reduction of greenhouse gas emissions.

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The initiative sets minimum percentages of biofuels in fuels sold to final consumers for the next 12 years.