In 2024, Brazil approved a set of new laws to advance its green energy revolution and attract investments in preparation for hosting the UN's Cop 30 climate summit in Belem, Para state. The measures focus on reducing emissions in the transport and industrial sectors, with initiatives like tax breaks for automakers investing in decarbonization and promoting biofuel consumption. The approval of legislation supporting sustainable aviation fuel and hydro-treated vegetable oil is expected to drive significant investments in biorefineries. Notably, Brazil also passed laws for a regulated carbon market and low-carbon hydrogen, aiming to reduce emissions in key industries like steel, cement, and aluminum. These steps demonstrate Brazil's commitment to decarbonization and climate leadership. Additionally, pending bills for offshore wind investments and the energy transition acceleration program will further support the country's transition to renewable energy sources. With these new laws in place, Brazil aims to showcase its potential as a global leader in combating climate change during the Cop 30 summit.