"We believe that by the end of the year we will have a safe regulatory framework for offshore plants to present to the world," Silveira said, explaining his ministry also hoped to have regulation in place for green hydrogen projects over the same time frame.
Lula's hopes for a green economy come as state-owned oil company Petroleo Brasileiro faces challenges to replenish its oil reserves. Silveira said he still believed it was important for Petrobras to explore the Foz de Amazonas, where the world's largest river meets the Atlantic Ocean, as long as the company follows environment rules.that Petrobras may look abroad for future growth. Asked for his opinion, Silveira said that although the company still has "a lot to do in Brazil ... nothing stops it from also having a world vision when it comes to its international strategy".