Paten establishes the Green Fund, which will finance actions to change current energy sources to cleaner ones
The president (PT) sanctioned on Wednesday (22 January 2025) the Paten (Energy Transition Acceleration Program), which creates financing mechanisms to encourage the production of clean and renewable energy to replace fossil fuels. Here is it (PDF – 183 kB).
The main point is Green Background, which brings together accumulated and precatory tax credits that companies are entitled to receive from the Union. Private in nature and with its own assets, it will be managed by the (National Bank for Economic and Social Development).
When companies transfer their credits or court orders, they receive a Guarantee Notea document that functions as a financial guarantee. This note is equated to a reliable asset, as it will be backed by amounts that the Union owes to companies.
Thus, companies can use it as a guarantee to obtain financing from the financial market, reducing the risk of operations. This reduces credit costs, increases companies’ financial efficiency and facilitates access to resources to invest in clean technologies and low-carbon projects.
By using existing assets belonging to companies, despite public management, there are no new government expenses or subsidies. Thus, resources are not withdrawn from the OGU (General Budget of the Union), without compromising public accounts.
VETOS
There were 3 vetoes on Paten. The 1st was Article 17, which extended the benefits of Padis (Support Program for Technological Development of the Semiconductor Industry) to “electric accumulators and their separators”. The president justified the lack of an estimate of the budgetary and financial impact, as well as compensation for the respective revenue waiver.
Also noteworthy is Art. 5º-B, which provided for the transfer of resources not used by Paten to the CDE (Energy Development Account). It was excluded because “it would provide a reduction in investments in technological research and development projects and energy efficiency projects”.
Furthermore, Art. 20 was vetoed, which authorized the use of resources from the FNMC (National Fund for Climate Change) in highway, railway and waterway projects. Included were off-road trucks, agricultural equipment, buses and minibuses, powered by biomethane, biogas, ethanol and natural gas in the form of CNG (compressed natural gas) or LNG (liquefied natural gas) and supply infrastructure in the form of CNG or LNG.
