Biofuels
At COP30 in Belém, Brazil, a pledge led by Brazil, Italy, Japan, and India calls for quadrupling sustainable fuels by 2035 to decarbonize transport. While proponents see it as a path to cleaner energy, critics warn of deforestation, higher food prices, and increased emissions from biofuel production. At least 23 countries have joined the initiative amid ongoing negotiations.
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Argentina's sugar industry achieved a record harvest in 2024, with exceptional production of cane, sugar, and alcohol, according to Jorge Freijó, president of the Argentine Sugar Center. However, internal prices have not improved, remaining at levels from two years ago. Freijó also advocated for stronger biofuel policies to boost the sector's future.