IBP, the leading organization representing Brazil’s oil, gas, and biofuels sector, will take part in the 30th Conference of the Parties (COP30) in Belém (PA), from November 10 to 21, with the central goal of reinforcing the vital role that the oil, gas, and biofuels industries play in achieving a just, orderly, and equitable energy transition.

The Institute argues that the transition must be grounded in clear and objective metrics, such as cost competitiveness, technological maturity, emission profiles, and lower carbon intensity per unit of energy produced. 

“COP28 set out the need for greater participation of renewables and energy efficiency, and now, at COP30, Brazil wants to lead the discussion on how to achieve this in a fair and secure way,” said Roberto Ardenghy, IBP President.
“The energy transition is a marathon, not a 100-meter sprint. The focus must be on reducing demand and emissions, prioritizing decarbonization — not on merely destroying supply, which can lead to inflation and energy poverty, especially in developing nations.”

Investment and Innovation for the Future

IBP emphasizes that oil will continue to play a significant role for decades, and that the sector’s resources, investment capacity, and innovation are essential to financing new decarbonization technologies.

• The oil and gas sector in Brazil is one of the largest funders of energy research, as well as a major contributor of taxes and royalties — revenues that are crucial to financing the country’s own energy transition.
• Pre-salt oil is a strategic asset, produced with one of the lowest carbon intensities in the world (around 9 kg CO₂e/boe in the pre-salt area), which places it favorably under any transition benchmark.
• The sector is investing in key Net Zero technologies, including Carbon Capture and Storage (CCS), advanced biofuels, and hydrogen.

“Brazil holds a unique position. Our energy matrix is already among the most renewable in the world, and the oil and gas sector wants to be part of the solution — investing in decarbonization, nature-based solutions, and cutting-edge technologies,” Ardenghy concluded.