Law 26.093
This law establishes the National Advisory Commission for the Promotion of the Production and Sustainable Use of Biofuels to provide a set guidelines for environmental impact assessments and determined what plants can be used for biofuels.
It also provides tax breaks to encourage production (from farmers and agricultural firms meeting the requirements) and export of biofuels. Such incentives are low export taxes, accelerated depreciation through income tax, VAT break, and exemption from the taxes on Hydrocarbons and Diesel (20% each).
A 2016 amendment of this law imposed a minimum of 12% (initially 5% by 2010) blend of biodiesel or ethanol in gasoline.
Through Law 26.334 (2008), the number of beneficiaries of the above incentives was increased to a change in requirements.
- 1Name: Capacity of renewables (MW)Value: 4600Base year: 2010Target year: 2030Comments: -
- 2Name: GHG emissions reduction (GtCO2eq)Value: 0.13Base year: -Target year: 2030Comments: 130 million tons of co2 eq