Courier de l'Égypte - Lula orders road map to cut fossil-fuel use in Brazil

NYSE - LSE
RBGPF 1.57% 61.3 $
RYCEF -2.59% 18.16 $
CMSC -0.2% 22.065 $
BCC 7.55% 77.66 $
BCE 0.69% 23.2 $
NGG 1.52% 82.83 $
RIO -1.65% 94.03 $
RELX -0.19% 31.15 $
CMSD 0.27% 22.02 $
VOD -1.74% 13.81 $
JRI -0.48% 12.57 $
BP -3.88% 37.86 $
GSK -1.92% 51.09 $
BTI 1.06% 61.39 $
AZN 1.09% 183.02 $
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.

E.Omar--CdE