Brazil’s President has approved a law to establish a legal framework for low-carbon hydrogen but has vetoed some of the incentives set out under the scheme.
The National Policy for Low-Carbon Hydrogen was adopted last December and set out details for the voluntary Brazilian Hydrogen Certification System (SBCH2) to certify the hydrogen’s greenhouse gas (GHG) emissions intensity, with plans for billions of dollars of incentives.
However, President Luiz Inácio Lula da Silva vetoed some of the incentives approved last month, claiming they would violate financial and budgetary legislation, despite “good intentions.”
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