Federal Government Establishes Guidelines for Decarbonization of Oil and Gas Production — Action Could Attract R$ 2 Trillion in Investments and Generate 3 Million Jobs

Written by Fabio Lucas Carvalho

Published on 03/09/2024 at 12:24

Updated on 03/09/2024 at 12:26

Foto: AB

Seja o primeiro a reagir!

Brazil Advances In Sustainability: Federal Government Defines Crucial Guidelines To Decarbonize Oil And Gas Production

President Luiz Inácio Lula da Silva officialized yesterday (9/2), through a publication in the Official Gazette of the Union, the guidelines of the National Energy Transition Plan. This plan, which was presented on the last 8/26 during a meeting of the National Energy Policy Council, led by the Minister of Mines And Energy, Alexandre Silveira, aims mainly at the decarbonization of oil and natural gas exploration and production activities.

The proposal aims to, through a commitment to reducing greenhouse gas emissions, establish a platform that encourages the green economy. This project has the potential to attract R$ 2 trillion in investments and generate 3 million jobs over the next 10 years.

“We cannot waste the importance of this movement called energy transition. This country has already missed many opportunities, and we cannot let that happen again. We need to value the natural resources we have, in addition to counting on a qualified workforce and skilled technicians. The Brazilian energy sector has countless competencies, and we are capable of achieving great feats“, stated the president on the occasion.

ARTICLE CONTINUES BELOW

Check Below the Full Dispatch

DISPATCH FROM THE PRESIDENT OF THE REPUBLIC

MINISTRY OF MINES AND ENERGY

Exposition of Reasons

No. 40, of August 26, 2024. Resolution No. 8, of August 26, 2024, of the National Energy Policy Council – CNPE. Approved. On September 2, 2024.

NATIONAL ENERGY POLICY COUNCIL

RESOLUTION CNPE No. 8, OF AUGUST 26, 2024

Establishes guidelines for promoting the decarbonization of oil and natural gas exploration and production activities.

THE PRESIDENT OF THE NATIONAL ENERGY POLICY COUNCIL – CNPE, in the exercise of its attributions, considering the provisions of art. 2 of Law No. 9,478, of August 6, 1997, in art. 9 of Law No. 12,351, of December 22, 2010, in art. 1, item I, and art. 2, § 3, item III, of Decree No. 3,520, of June 21, 2000, in art. 5, item III, and in art. 17, caput, of the Internal Regulations of the CNPE, approved by Resolution No. 14, of June 24, 2019, in the deliberations of the 1st Extraordinary Meeting of the CNPE, held on August 26, 2024, and what is contained in Process No. 48380.000187/2023-45, resolves:

Art. 1 It is established that it is of interest to the National Energy Policy to mitigate greenhouse gas emissions from oil and natural gas exploration and production projects.

Single paragraph. In implementing the Policy, the following guidelines must be observed:

I – promote technological development, encouraging the creation and adoption of new decarbonization technologies for oil and natural gas exploration and production activities;

II – minimize the burning of natural gas and maintain zero routine burning;

III – reduce methane and carbon dioxide emissions, observing the commitments made in the United Nations Framework Convention on Climate Change and the Global Methane Commitment, related to oil and natural gas exploration and production activities;

IV – adopt the best practices and technologies that reduce greenhouse gas emissions from activities;

V – encourage the full utilization of the installed infrastructure capacity, through sharing, in order to minimize greenhouse gas emissions from activities; and

VI – prioritize the adaptation of large-scale projects with greater potential for greenhouse gas emissions.

Art. 2 The National Agency of Petroleum, Natural Gas and Biofuels – ANP and the Brazilian Oil and Natural Gas Administration Company S.A. – Pré-Sal Petróleo S.A. – PPSA must, within the scope of the management of concession and production sharing contracts, within their respective competences, analyze the best development options, also considering the reduction of the carbon intensity of the asset’s life cycle, as well as the adoption of mitigative measures for greenhouse gas emissions.

§ 1 ANP and PPSA must promote broad transparency of the greenhouse gas emissions indicators of oil and natural gas exploration and production projects.

§ 2 ANP must adopt measures that contribute to the reduction of greenhouse gas emissions from oil and natural gas exploration and production activities, including fugitive methane emissions.

Art. 3 The Energy Research Company – EPE shall, with the support of ANP and PPSA, observed art. 1, single paragraph, item VI, propose the adoption of measures to incentivize the decarbonization of oil and natural gas exploration and production activities, presenting to the National Energy Policy Council – CNPE a study containing decarbonization scenarios and the impacts associated with the proposed measures, within 180 (one hundred and eighty) days as of the publication date of this Resolution.

Art. 4 This Resolution comes into effect on the date of its publication.

0 Comentários

Mais recente

Mais antigos Mais votado

Feedbacks

Visualizar todos comentários

Federal Government Establishes Guidelines for Decarbonization of Oil and Gas Production — Action Could Attract R$ 2 Trillion in Investments and Generate 3 Million Jobs

Brazil Advances In Sustainability: Federal Government Defines Crucial Guidelines To Decarbonize Oil And Gas Production

Check Below the Full Dispatch

While in Brazil a 10-story building takes 2 years to complete, in China a company stacks pre-fabricated modules and raises the entire building in just 28 hours and 45 minutes.

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

Seen from space, an image taken by an astronaut shows in Argentine Patagonia the exact point where a colossal glacier, a turquoise-blue lake, and a greenish arm of water meet, creating one of the rarest and most impressive landscapes in the region.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

More than 3,900 Brazilian municipalities are unable to pay their own bills, and yet two city halls located just 700 meters apart continue to operate separately, each with a full structure.

The decision to plant food 10,000 years ago came at a high cost for the human body, and now Harvard has proven that this choice altered hundreds of genes and left marks that still cause modern diseases.

While Finland sees student performance decline in international assessments and tries to recover results with changes in education, countries like Brazil continue to draw inspiration from its educational model.

China wants to tear through mountains with 612 km of tunnels to divert water from the Yangtze, erase entire villages from the map, and move over 100,000 people in the name of water security.

Brazil removes 18 million tons of sand from the seabed in a mega-operation costing R$ 333 million, paving the way for larger ships and turning the dredging itself into coastal reinforcement in the largest beach widening ever undertaken in the country.

Federal Government Establishes Guidelines for Decarbonization of Oil and Gas Production — Action Could Attract R$ 2 Trillion in Investments and Generate 3 Million Jobs

Brazil Advances In Sustainability: Federal Government Defines Crucial Guidelines To Decarbonize Oil And Gas Production

Check Below the Full Dispatch

While in Brazil a 10-story building takes 2 years to complete, in China a company stacks pre-fabricated modules and raises the entire building in just 28 hours and 45 minutes.

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

Seen from space, an image taken by an astronaut shows in Argentine Patagonia the exact point where a colossal glacier, a turquoise-blue lake, and a greenish arm of water meet, creating one of the rarest and most impressive landscapes in the region.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

The government will pay R$ 1.20 for each liter of diesel that Brazil imports and for the first time in history requires distributors to reveal how much they profit — those who hide their margins will face fines of up to R$ 500 million…

Under kilometers of water, rock, and salt, Brazil hides a colossal wealth that led an official guide from the U.S. government to recognize the country as the owner of the largest ultra-deep oil reserves in the world.

Iran said that the Strait of Hormuz is open, but in practice only 1 non-Iranian oil tanker managed to cross in 24 hours — before the blockade, 100 ships passed per day.

Petrobras completes 1,300 hours of work and 15 km of subsea lines to connect the Búzios 90 well to the P-79 — the platform is ready to produce 180,000 barrels per day and is just awaiting ANP approval.

Iran declares the Strait of Hormuz completely open this Friday, and the price of oil plummets nearly 10% in a few hours — the largest drop since the beginning of the conflict.

More than 3,900 Brazilian municipalities are unable to pay their own bills, and yet two city halls located just 700 meters apart continue to operate separately, each with a full structure.

The decision to plant food 10,000 years ago came at a high cost for the human body, and now Harvard has proven that this choice altered hundreds of genes and left marks that still cause modern diseases.

While Finland sees student performance decline in international assessments and tries to recover results with changes in education, countries like Brazil continue to draw inspiration from its educational model.

China wants to tear through mountains with 612 km of tunnels to divert water from the Yangtze, erase entire villages from the map, and move over 100,000 people in the name of water security.

Brazil removes 18 million tons of sand from the seabed in a mega-operation costing R$ 333 million, paving the way for larger ships and turning the dredging itself into coastal reinforcement in the largest beach widening ever undertaken in the country.