G20 Scorecard of Fossil Fuel Funding

Brazil ranks first among non-OECD G20 countries in the scorecard due to low support for coal and fossil fuel-based power, though it continues to provide significant funding for oil and gas production. While state-owned enterprise investments in fossil fuels decreased by 23% compared to the 2014–2016 average, the country faces criticism for a lack of transparency and the implementation of new tax incentives to boost oil and gas production.

• Brazil's total average government support for fossil fuels from 2017 to 2019 was USD 27 billion, consisting of USD 18 billion in state-owned enterprise (SOE) investment, USD 7 billion in tax expenditure, USD 1.8 billion in direct transfers, and USD 200 million in public finance.
• The largest portion of Brazil's fossil fuel support is directed toward oil and gas exploration, production, refining, and transportation, totaling USD 21 billion. To further increase production since 2017, Brazil has pardoned tax debt, cut taxes for non-state companies, and opened new lease auctions.
• Brazil shows low levels of support for other fossil fuel categories, with USD 2.1 billion for fossil fuel-based power and USD 3.9 billion for fossil fuel use. No support was identified for coal exploration, production, processing, and transportation.
• Progress has been made in reducing certain subsidies, including a 23% decrease in SOE investment for fossil fuels relative to the 2014–2016 average and sustained decreases in consumer fuel tax reductions via PIS and COFINS since 2012. Additionally, a USD 136 million annual subsidy for mining brown coal in Rio Grande do Sul and Santa Catarina is scheduled to be phased out by 2028.
• Brazil is characterized by a lack of transparency, having not yet committed to a G20 peer review. Significant unquantified support exists, including the Repetro customs regime and an estimated USD 14 billion in foregone revenue from Cide-fuel tax exemptions in 2018 compared to early 2000s rates.

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} }