Seminar looks at carbon credit market regulation in Brazil

Carbon credits originate from projects to reduce or remove greenhouse gases from the atmosphere. This reduction is quantified (in tons of gases) and converted into bonds, which can be traded by governments, companies or even individuals.

The Center for Infrastructure and Environmental Solutions at Fundação Getulio Vargas’ Sao Paulo School of Business Administration (FGV EAESP) will hold a free webinar on August 3, 2021, at 2 pm, on FGV’s YouTube channel, called “Carbon Credit Market Regulation in Brazil”.

Carbon credits originate from projects to reduce or remove greenhouse gases from the atmosphere. This reduction is quantified (in tons of gases) and converted into bonds, which can be traded by governments, companies or even individuals. There are already some voluntary carbon offset projects, but an organized national market could increase legal certainty and reduce risks such as double counting of bonds.

At the moment, Bill 528 of 2021, to create the Brazilian Emission Reduction Market, is before the House of Representatives. The aim of this bill is to regulate the buying and selling of carbon credits in Brazil, as provided for by the National Climate Change Policy (instituted by Law 12,187 of 2009).

The speakers will be Tiago Ricci and Rodolpho Santos, partners in law firm RSA Advogados, as well as sanitation expert Claudia Orsini. The moderator will be Professor Gesner Oliveira, the coordinator of FGV’s Center for Infrastructure and Environmental Solutions.

To take part, please sign up here.

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