Environment Minister Joaquim Leite announced on Wednesday (18) the publication of a decree regulating the regulated carbon market in Brazil. The document is based on the National Climate Change Policy.
The announcement was made during the opening of the Global Carbon Market Congress – Decarbonization & Green Investments, held in Rio de Janeiro (RJ). At the opening of the event, Fausto Ribeiro, president of Banco do Brasil, announced that the institution is launching an investment fund with an initial investment of R$2 million to finance carbon credit projects.
The decree introduces the concept of methane credit, the possibility of recording the carbon footprint of processes and activities, carbon from native vegetation – which reaches 280 million hectares in rural properties, soil carbon – fixed during the production process, and blue carbon – present in marine and river areas.
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“All these new developments represent an important advance in the formation of economic instruments that enable the monetization of environmental assets and the export of carbon credits to the world. The national carbon market is being born today, but its maturity will come with the approval of the Bill widely debated by society in the National Congress and with the support of the Federal Government”, highlighted Minister Leite.
He 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 emphasized.
About the congress
The event runs until Friday (20), and is organized by Banco do Brasil and by PetroBrazil has institutional support from the Ministry of the Environment and the Central Bank of Brazil.
The first debate featured the participation of Minister Leite and the Minister of Economy, Paulo Guedes. “We are the largest energy investment frontier in the world, we have the cleanest energy in the world, and we will produce the cheapest energy in the world”, stated Guedes.
Still in the debate, Guedes said that carbon credits will help preserve Brazilian forests. “A living tree is worth more than a dead tree. Let’s take care of and preserve our environment,” he highlighted.
The digitalization of public services was highlighted by the two ministers as a way to reduce carbon emissions.
Agenda
For three days, more than 100 experts, including entrepreneurs and leaders of large national and international corporations, will come together to debate and propose innovative and technology solutions so that the country becomes an exporter of green energy to the world and moves towards neutrality. in greenhouse gas emissions.
There will be 24 panels presented in four thematic rooms, in addition to plenary sessions at the beginning of each day, totaling more than 100 speakers. 120 success stories of green entrepreneurs will also be presented in four mini auditoriums.
All lectures have simultaneous translation. More information can be obtained at Congress website.
