Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 200

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 200
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 new commitments that served the interests of both parties. For more information on our agreement with CADE, see “Mergers and Acquisitions” and “Risks — Risk Factors — 6.b) The competitive environment of the Brazilian oil and gas market may intensify the requirements for our performance levels to remain in line with the best companies in the sector. The need to adapt to a competitive and complex environment may compromise our ability to implement our current Strategic Plan or any subsequent plans adopted” in this annual report.
 
Renewable Energy and Carbon
 In August 2024, Law No. 14.948 was enacted. It represents a new regulatory framework for hydrogen in Brazil, introducing relevant legal innovations. However, this regulatory framework still needs to be regulated to enter into force.
 On October 8, 2024, Law No. 14,993 (Lei Combustível do Futuro) was published, establishing the following: i) the National Sustainable Aviation Fuel Program (ProBioQAV), the National Green Diesel Program (PNDV), and the National Decarbonization Program for Producers and Importers of Natural Gas and Incentives for Biogas and Biomethane; ii) adjustments to the maximum and minimum limits for the blend of anhydrous ethanol in gasoline C sold to the end consumer and the blend of biodiesel in diesel sold to the end consumer; iii) regulations for the oversight of carbon dioxide capture and geological storage activities and the production and commercialization of synthetic fuels; iv) the integration of initiatives and measures adopted under the National Biofuels Policy (RenovaBio), the Green Mobility and Innovation Program (Programa Mover), the Brazilian Vehicle Labeling Program (PBEV), and the Vehicle Emission Control Program (Proconve). However, this regulatory framework still needs to be regulated to enter into force.

Annual Report and Form 20-F 2024 |

On December 12, 2024, Law No. 15,042 was published, which establishes the Brazilian System for Emissions Trading of Greenhouse Gases (Sistema Brasileiro de Comércio de Emissões de Gases de Efeito Estufa - SBCE), aimed at fulfilling the National Policy on Climate Change (Política Nacional sobre Mudanças do Clima) and the commitments made under the United Nations Framework Convention on Climate Change, through the definition of environmental commitments and financial discipline for the trading of assets. However, this regulatory framework still needs to be regulated to enter