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Enviroment

Decree regulating carbon market in Brazil is edited

05/20/2022 | 13h57
Decree regulating carbon market in Brazil is edited
Agência Brasil Agência Brasil

The federal Government published on Thursday (19) Decree No 11.075, of May 19, 2022 that regulates the carbon market in Brazil, focusing on export credits, especially for countries and companies that need to offset emissions to comply with their carbon neutrality commitments.

 

Among other points, the decree brings the concept of methane credit, the possibility of recording the carbon footprint of processes and activities, native vegetation carbon - which reaches 280 million hectares in rural properties, soil carbon - fixed during the production process, and blue carbon - present in marine and river areas. “All these novelties represent an important advance in the formation of economic instruments that enable the monetization of environmental assets and the export of carbon credit to the world. Today the national carbon market is born, but its maturity will come with the approval of the bill widely debated by society in the National Congress and with support from the Federal Government”, highlighted Joaquim Leite (Photo), Minister of the environment.

 

Joaquim Leite also advocated the participation of the private sector in the transition to a green economy. “The Federal Government is a partner of the private sector. It works to create a new green economy with innovative environmental solutions, " he stressed.

 



Font: T&B Petroleum/Press Office
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