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The CBios 2021 Target Concerns Decarbonization Credits by Fuel Distributors, Where Raízen, BR, and Ipiranga Are at the Top of the Companies List
The ANP published yesterday the preliminary targets for the purchase of decarbonization credits (CBios) by fuel distributors in 2021, where Raízen, BR Distribuidora, and Ipiranga lead the CBios targets for 2021. BR Distribuidora will have the highest individual target among the companies in the sector for next year. Sustainability in Ports and Shipyards – Learn How It Happens in Practice
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The total target for CBios commercialization has been maintained at 24.8 million credits, as projected by the Brazilian government in September. According to ANP’s resolution, it will be responsible for purchasing 6.54 million CBios next year, equivalent to 26.3% of the total. Each credit represents one ton of carbon dioxide that is not emitted.
Next, Ipiranga has the second-largest target, at 4.75 million credits, or 19.1% of the total. Closely following is Raízen Combustíveis, a joint venture of Shell and Cosan, which will aim to purchase 4.38 million CBios, equivalent to 17.6% of the total planned.
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About CBios
CBios are part of the RenovaBio program, which aims to remove millions of tons of carbon dioxide from the atmosphere and boost the biofuels sector, contributing to targets established in 2015 by the Paris Agreement.
The credits are issued by producers of ethanol and biodiesel, and the targets projected over a ten-year horizon gradually increase year by year until reaching 90.67 million credits by 2030, according to government data.
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