A new Brazilian target of reducing fuel emissions by 10 percent by 2028 should boost biofuel investments, the head of a biofuels group says.

The target, set June 5 by Brazil’s National Energy Policy Council (CNPE), an inter-ministerial body, is the sum of yearly CNPE-set targets that increase progressively from 2000 through 2028.

The targets are a linchpin of a biofuels law enacted last December to reduce Brazil’s greenhouse gas emissions and to meet its Paris climate agreement pledge to cut carbon emissions by 43 percent from 2005 levels by 2030.

Andre Rocha, president of the National Sugarcane/Ethanol...