RenovaBio reaches 100 million CBIOs issued

This month, RenovaBio reached the mark of 100 million Decarbonization Credits (CBIOs) since the first issuance of this environmental asset, which took place on January 20, 2020. This means that, since the beginning of RenovaBio's operationalization, the issuance of 100 million tons of CO2 equivalent into the atmosphere.

This brand is the result of the continuous evolution of RenovaBio, the operationalization carried out by the ANP, in accordance with the legal attributions granted to it, and the great support of biofuel producers, which currently total 318 certificates (around 75% of the total authorized by the ANP) and are able to issue CBIOs.

The National Biofuels Policy (RenovaBio) was established by Law No. 13.576, of 2017, as an integral part of the national energy policy and constitutes an important vector of sustainability, especially in mitigating greenhouse gas emissions in production, marketing and the use of biofuels.

What are CBIOs

Decarbonization Credits (CBIOs) are environmental assets issued by biofuel producers in an amount proportional to the efficiency rating of their certified production and the volume of biofuel sold. One CBIO is equivalent to one ton of greenhouse gases not emitted into the atmosphere due to the use of biofuel to replace fossil fuels.

They are sold by biofuel producers on the Brazilian Stock Exchange (B3) and acquired by distributors to meet their individual goals, or even by non-obligated third parties interested in acquiring CBIOs.