O que é o CBIO?

Summary

This video discusses the concept of the CEV, or Carbon Credit, which is a new environmental commodity created within Brazil’s RENOVA Bio program. This initiative aims to reduce carbon emissions by incentivizing the use of biofuels over fossil fuels. The CEV represents one ton of CO2 emissions avoided and is traded on the B3 exchange. The video explains how bi fuel producers can generate and sell these credits, while also detailing how distributors of fuels are required to purchase them. The overarching goal is to reduce Brazil's carbon intensity and increase biofuel production, fostering a greener economy.

Takeaways

• 😀 SEEV stands for 'Selo de Eficiência Energética e Ambiental,' which represents carbon credits generated through the use of biofuels in Brazil's 'RenovaBio' program.
• 😀 The 'RenovaBio' program incentivizes biofuels by providing financial recognition for the carbon savings compared to fossil fuels.
• 😀 Biofuels like ethanol emit significantly less CO2 than gasoline, contributing to reducing greenhouse gases in the economy.
• 😀 A SEEV credit is equivalent to one ton of CO2 not emitted when biofuels like ethanol are used instead of fossil fuels.
• 😀 SEEV credits are traded in a regulated market (B3) where biofuel producers sell these credits to meet environmental standards.
• 😀 The goal of the SEEV credit system is to stimulate biofuel production and decrease the carbon intensity of Brazil's energy matrix.
• 😀 Fuel distributors are required by law to purchase SEEV credits in proportion to the fossil fuels they sell each year.
• 😀 The price of SEEV credits in Brazil is expected to align with the global carbon market, where prices have fluctuated but often average around $12 per ton.
• 😀 The SEEV system creates financial incentives for companies to reduce emissions by rewarding those who produce cleaner biofuels.
• 😀 SEEV credits do not pay dividends like traditional securities, which is why they are classified as an environmental commodity, not a financial security.
• 😀 The SEEV system is a new financial tool in Brazil, helping to build a domestic carbon market while addressing climate goals.
• 😀 The value of SEEV credits could be influenced by global oil prices, making biofuels more competitive when oil prices are high and less so when they are low.

Q & A

What is Seviu?

Seviu is an acronym for 'Crédito de Descarbonização' (Carbon Credit), which represents one ton of CO2 equivalent that was not emitted due to the use of a biofuel like ethanol instead of fossil fuels like gasoline.

How does Seviu contribute to environmental sustainability?

Seviu helps reduce greenhouse gas emissions by incentivizing the use of biofuels over fossil fuels. Biofuels like ethanol emit less CO2 compared to gasoline, and Seviu credits quantify these emissions reductions.

How is Seviu related to the RenovaBio program?

Seviu is a part of the RenovaBio program, which is Brazil's national policy for biofuels. The program aims to increase the share of biofuels in Brazil's energy matrix and reduce CO2 emissions through the use of renewable fuels.

How are Seviu credits generated?

Seviu credits are generated when biofuel producers, such as ethanol or biodiesel manufacturers, obtain a certification called the 'Nota de Eficiência Energética Ambiental' (Environmental Energy Efficiency Certificate) based on the amount of CO2 emissions reduced compared to fossil fuels.

Who is required to purchase Seviu credits?

Fuel distributors are required by law to purchase Seviu credits in proportion to the amount of fossil fuels they sold in the previous year.

Can other companies or individuals buy Seviu credits?

Yes, in addition to fuel distributors, other companies or even investors can purchase Seviu credits. For example, companies like Natura may buy Seviu credits as part of their sustainability efforts.

Why are Seviu credits considered a commodity and not a financial security?

Seviu credits are considered a commodity because they do not pay dividends or returns to investors. They represent an environmental asset linked to the reduction of CO2 emissions, rather than a traditional financial instrument.

What is the goal of the Seviu system in relation to carbon emissions?

The goal of Seviu is to reduce Brazil's carbon intensity by incentivizing the production and use of biofuels, which leads to a decrease in overall CO2 emissions within the economy.

How does the price of Seviu credits fluctuate?

The price of Seviu credits will depend on various factors, including the price of oil. If oil prices are high, Seviu credits may be less expensive since biofuels become more competitive. If oil prices drop, Seviu credits may become more expensive to maintain incentives for biofuel production.

How will the Seviu system impact consumers?

Fuel distributors are expected to pass on the costs of purchasing Seviu credits to consumers. As such, the price of fuel may be affected by the price of Seviu credits, depending on market conditions.