On 2 August 2024, Bill No. 2308/2023, which establishes the legal framework for low-carbon hydrogen in Brazil, was approved with a partial veto. Numbered as Law 14948/2024, it has created the National Low-Carbon Hydrogen Policy, which will form part of the country’s National Energy Policy. The Law has also established the competence of the National Agency for Oil, Natural Gas and Biofuels to authorize, regulate and inspect activities in the low-carbon hydrogen value chain, and has created the Brazilian Hydrogen Certification System and the Special Incentive Regime for Low-Carbon Hydrogen Production, a tax regime designed to foster technological and industrial development, competitiveness and added value in national production chains.
Author
Silvia Furtado da Costa
BrowsingSilvia Furtado da Costa joined the Firm in 2023 and integrates EMI Public Law and Oil & Gas practice group with focus on the Oil & Gas area.
*Trench Rossi Watanabe and Baker McKenzie have executed a strategic cooperation agreement for consulting on foreign law. Silvia has extensive experience in Regulatory, Corporate and Contractual Law, and specializes in assisting oil companies and service providers in a wide range of regulatory and transactional issues involved in the oil and gas sector.
*Trench Rossi Watanabe and Baker McKenzie have executed a strategic cooperation agreement for consulting on foreign law. Silvia has extensive experience in Regulatory, Corporate and Contractual Law, and specializes in assisting oil companies and service providers in a wide range of regulatory and transactional issues involved in the oil and gas sector.