Published by Valor Econômico - 08/26/2024
By Igor Nascimento de Souza and Bernardo Ribeiro Tarabini Castellani
Effective regulation of the carbon market and a clear definition of environmental assets are essential to ensure that Brazil can lead the way toward a green economy.
The year 2024 marks a significant milestone for Brazil on the global stage, especially concerning discussions on sustainable development. This year, Brazil will host the 19th G20 Summit, where it will lead over one hundred working groups and thematic meetings. These gatherings, which will culminate in the Leaders’ Summit on November 18 and 19 in Rio de Janeiro, bring together the key leaders of the 19 member countries.
During this summit, the agenda will reflect on the urgency of the energy transition and the implementation of a green economy in Brazil. In this context, the generation and commercialization of environmental assets emerge as fundamental pillars for achieving these goals. Unfortunately, the lack of adequate regulation in Brazil still hinders the full development of this promising market. Currently, three environmental assets stand out: (i) Carbon Credits; (ii) International Renewable Energy Certificates (I-REC); and (iii) Decarbonization Credits (CBIO).
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