The approval of Bill 2,308/2023 in the Brazilian Senate has sparked optimism in the green hydrogen market. At a recent event in Rio de Janeiro, Tatsumi Igarashi from Neoenergia hailed the bill as a game-changer, providing the necessary regulatory framework for market development. He emphasized that this step ensures legal certainty for investors, which is crucial for driving investments in the sector. The focus on low-carbon hydrogen production is expected to play a crucial role in decarbonizing industries that struggle to reduce CO2 emissions. Particularly, Brazil sees an opportunity to utilize green hydrogen in sectors like nitrogen fertilizers and petrochemicals, where the country has significant demand. Neoenergia, with support from Iberdrola, is actively engaged in green hydrogen projects in multiple Brazilian states and is working on establishing the country's first green hydrogen plant in partnership with ANEEL. The company's efforts highlight the potential for Brazil to not only meet its sustainability goals but also create high-value products through green hydrogen production.