Key facts
- Brazil has enacted a regulatory framework for carbon capture, storage, and utilization (CCS/CCUS).
- The National Agency of Petroleum, Natural Gas and Biofuels (ANP) will oversee CCS/CCUS activities.
- The regulations aim to boost investment in CCS/CCUS projects.
- The framework supports Brazil's goal of achieving net-zero emissions by 2050.
- The regulations are expected to provide legal certainty for investors.
Brazil has officially established a regulatory framework for carbon capture, storage, and utilization (CCS/CCUS) activities. The National Agency of Petroleum, Natural Gas and Biofuels (ANP) will oversee these operations. This significant development aims to foster increased investment in CCS/CCUS projects across the country. By providing a clear legal structure, Brazil seeks to encourage the adoption of these technologies as a means to achieve its ambitious goal of reaching net-zero emissions by the year 2050. The introduction of these regulations is anticipated to offer the necessary legal certainty for both domestic and international companies considering investments in carbon capture and storage solutions. This framework is a key step in Brazil's broader strategy to decarbonize its economy and meet its climate commitments.