The Brazilian Senate has passed PL 2,308/2023 to create a regulatory framework and provide financial incentives for the production of green hydrogen in the country. The bill aims to stimulate the industry and contribute to decarbonizing the Brazilian energy matrix. It establishes the National Low Carbon Emission Hydrogen Policy, which encompasses various programs and incentives for the development and certification of low-carbon hydrogen. The Rehidro regime will offer tax breaks and credits for qualified green hydrogen producers, extending to companies involved in its distribution and marketing. Additionally, the bill includes mechanisms for debentures, a Brazilian certification system, a steering committee for policy execution, and ANP oversight for hydrogen activities. Tax credits and infrastructure development incentives are also part of the legislation, alongside the creation of the Low Carbon Emission Hydrogen Development Program to support the transition to green hydrogen in industrial sectors. The bill sets limits on the tax benefits and aims to include green hydrogen in the Union Budget. Overall, the bill signals a positive step towards promoting green hydrogen production and usage in Brazil.