La Domenica Del Corriere - Lula orders road map to cut fossil-fuel use in Brazil

NYSE - LSE
BCC -0.71% 77.74 $
NGG -0.95% 81.86 $
RIO -0.86% 83.42 $
VOD -2.41% 15.74 $
GSK -0.91% 50.75 $
RYCEF -11.47% 15.26 $
BCE -2.01% 20.4 $
CMSC 0% 19.6 $
RBGPF 3.6% 72.77 $
CMSD 0.91% 19.78 $
BTI -1.66% 59.48 $
BP 2.47% 51.32 $
RELX -0.2% 40.54 $
AZN -0.63% 171.49 $
JRI 0.65% 10.75 $
Lula orders road map to cut fossil-fuel use in Brazil
Lula orders road map to cut fossil-fuel use in Brazil / Photo: Evaristo Sa - AFP

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.

Text size:

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.

J.Padovano--LDdC