A week after passing the Senate, Brazil’s bill for a national policy on “green” hydrogen production has been approved by the House and awaits President Luiz Inácio Lula da Silva’s signature. This move signifies a significant step in providing legal certainty for financing hydrogen projects in the country.
Mines and Energy Minister Alexandre Silveira emphasized the importance of the regulatory framework, stating it lays the groundwork for hydrogen project investments. The Ministry reported over USD 30 billion in investments announced for hydrogen projects, with many in the feasibility stage and agreements with ports and state governments.
The government has allocated BRL 20.8 billion for R&D projects in the energy transition sector, including green hydrogen initiatives. These funds come from innovation sources and the BNDES, Brazil’s national development bank.
Despite changes made by the Senate, the bill marks a milestone in Brazil’s hydrogen industry development, positioning the country as a key player in the global green energy market.
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