President Luiz Inácio Lula da Silva sanctioned, with three vetoes, the law that creates the Energy Transition Acceleration Program (Paten). The initiative contains incentives for replacing polluting energy sources with renewable energy sources.
According to the law published in Official Federal Gazette (DOU)among which are the financing of sustainable development projects, the rapprochement between financiers and interested companies, the use of credits held by legal entities governed by private law with the Union as a form of financing and the promotion of the generation and efficient use of energy from low carbon through greenhouse gas reduction projects.
Sustainable development projects eligible for resources are those aimed at infrastructure works, technological research and technological innovation with socio-environmental benefits. Companies that join Paten will be able to receive resources from the National Climate Change Fund (FNMC) and negotiate debts with the Union in accordance with investments in sustainability.
Vetoes
Lula vetoed the article that extended the benefits of the Semiconductor Industry Technological Development Support Program (Padis) to “electric accumulators and their separators”, due to a lack of an estimate of the budgetary and financial impact and compensation for the respective revenue waiver.
The president also vetoed the article that provided that resources not used by Paten at the end of each year should be transferred to the Energy Development Account (CDE). “The reallocation of resources foreseen for the Energy Development Account would provide a reduction in investments in research and technological development projects and energy efficiency projects, which are essential for the advancement of the energy transition, without producing a significant impact on the reduction of energy tariffs electricity”, explained Planalto.
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Lula also vetoed the article that authorized the use of resources from the National Fund on Climate Change in logistical mobility projects in the road, rail and waterway segments, including off-road trucks, agricultural equipment, buses and minibuses, powered by biomethane, biogas, ethanol and natural gas in the form of compressed natural gas (CNG) or liquefied natural gas (LNG), and the supply infrastructure in the form of CNG or LNG.
“The device goes against the public interest by enabling the allocation of resources from the National Fund on Climate Change to investments not aligned with the National Policy on Climate Change, the Brazilian targets for reducing greenhouse gas emissions, assumed in the Nationally Determined Contribution in the United Nations Framework Convention on Climate Change, and the National Climate Plan Mitigation Strategy”, added the government.
