Lula orders road map to cut fossil-fuel use in Brazil / Photo: Evaristo Sa - AFP
NYSE - LSE
| SCS | 0.12% | 16.14 | $ | |
| RYCEF | -1.22% | 17.2 | $ | |
| BCE | -0.51% | 25.7 | $ | |
| BTI | 0.51% | 60.5 | $ | |
| RIO | 2.06% | 99.29 | $ | |
| NGG | 2.23% | 90.785 | $ | |
| VOD | 2.02% | 15.565 | $ | |
| GSK | -0.66% | 58.435 | $ | |
| CMSD | -0.06% | 24.065 | $ | |
| JRI | 0.62% | 12.86 | $ | |
| BP | 2.98% | 38.105 | $ | |
| RBGPF | 0.12% | 82.5 | $ | |
| BCC | -1.19% | 88.673 | $ | |
| RELX | -5.13% | 27.86 | $ | |
| AZN | 3.54% | 200.503 | $ | |
| CMSC | 0.16% | 23.73 | $ |
Lula orders road map to cut fossil-fuel use in Brazil
Brazilian President Luiz Inacio Lula da Silva ordered his cabinet on Monday to craft a road map to reduce dependence on fossil fuels, a promise the country made as host of United Nations climate talks last month.
Lula tried to broker a global deal on a road map to phase out oil, gas and coal at the COP30 talks, but was stymied by opposition from producers such as Saudi Arabia, Iran and Russia.
Brazil, itself a major oil producer, nevertheless committed to presenting a plan to end its use of fossil fuels, and called on other countries to do the same.
In a decree, Lula gave his finance, environment and mining ministries 60 days to draw up guidelines on a "gradual reduction in dependence on fossil fuels in the country."
The idea is to use Brazil's oil revenues to pay for a fund that will finance the transition to clean energies.
Lula, who ran for office as a champion of the environment, has faced criticism for backing state-run oil company Petrobras's exploratory drilling at the mouth of the Amazon River.
But his government won praise for the proposal on a global deal with deadlines to stop burning the fossil fuels heating the planet.
The plan won the backing of a coalition of countries including France, the Marshall Islands and Spain, several of which are due to hold a conference in Colombia in April 2026 on ending fossil-fuel use.
R.Marconi--IM
