G20 Scorecard of Fossil Fuel Funding

This fact sheet evaluates Brazil's fossil fuel funding as part of a G20 scorecard, ranking it first among non-OECD G20 countries due to low support for coal and fossil fuel-based power, despite significant ongoing support for oil and gas production.

• Brazil is ranked 1st among the eight non-OECD G20 countries with an overall score of 'B'. This ranking is attributed to relatively low levels of support for fossil fuel use, fossil fuel-based power, and coal production.
• Between 2017 and 2019, Brazil provided an average of $27 billion in total government support to fossil fuels annually. This total includes $18 billion in state-owned enterprise (SOE) investment, $7 billion in tax expenditure, $1.8 billion in direct transfers, and $200 million in public finance.
• While Brazil has reduced SOE investments in fossil fuels by 23% compared to the 2014–2016 average, it continues to provide heavy support for oil and gas exploration, production, refining, and transportation, totaling $21 billion.
• Brazil has implemented several measures to increase oil and gas production since 2017, including pardoning tax debt, cutting taxes for non-state companies, and opening new lease auctions. Additionally, a proposed bill known as 'Lei do Gas' aims to provide low interest rates and tax exemptions for pipelines and facilities related to liquefied natural gas.
• The document identifies significant gaps in transparency and accounting. Brazil has not committed to a G20 peer review, and certain supports remain unquantified or unaccounted for, such as the Repetro customs regime and an estimated $14 billion in foregone revenue from Cide-fuel tax exemptions in 2018.

APA

Tucker, B. (2020). G20 Scorecard of Fossil Fuel Funding. International Institute for Sustainable Development. https://www.iisd.org/system/files/2020-11/g20-scorecard-brazil.pdf

Chicago

Tucker, Bronwen. G20 Scorecard of Fossil Fuel Funding. International Institute for Sustainable Development, 2020. https://www.iisd.org/system/files/2020-11/g20-scorecard-brazil.pdf.

Wikipedia

{{cite report |last1=Tucker |first1=Bronwen |title=G20 Scorecard of Fossil Fuel Funding |publisher=International Institute for Sustainable Development |date=2020 |url=https://www.iisd.org/system/files/2020-11/g20-scorecard-brazil.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{tucker2020g20, author = {Tucker, Bronwen}, title = {{G20 Scorecard of Fossil Fuel Funding}}, institution = {International Institute for Sustainable Development}, year = {2020}, url = {https://www.iisd.org/system/files/2020-11/g20-scorecard-brazil.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }