Investor Presentaiton

Rate of Emission (Gt CO2e/y) BAU Projection has been adopted by Gol in defining the 26% and 41% ERT. By 2020, ERT through unilateral actions will be 26% of the BAU 2020 emission rate and additional 15% ER is targeted through supported actions 3.00 BAU Projection of emission under 2.85 26% BAU will be revised 41% 2.70 2.55 2.40 2.25 2.10 1.95 1.80 1.65 1.50 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 1.72 Gt 2.16 Gt 2.92 Gt

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