Brazil can generate revenue of up to US$120 billion in carbon credits by 2030

O lifting aims to update the market on the development of the agenda after COP-26, also bringing an unprecedented mapping of the segment's national ecosystem and recommendations for economic agents in the country.

According to the study, in 2021, Brazil was responsible for 12% of the global supply of credits for the voluntary market, surpassing the share of 2019 (3%) and the most optimistic scenario (10%) used in last year's study for 2030. “Such performance is a reflection of the increase in the number of credits issued from nature-based solutions and the influence of regulation of Article 6 of the Paris Agreement at COP-26.”

The research also shows that, considering the price of an optimistic scenario of US$ 100 per ton, Brazil's service capacity could reach 22,3% to 48,7% of the global demand for credits from the voluntary market, which it should reach between 1,5 and 2 gigatons of CO2 by the end of the decade.

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The study brings recommendations to the Brazilian government and the private sector, with the aim of strengthen the national market and support your maturation process. In the case of the government, among other guidelines, the research says that “it is essential that Brazil, in its regulatory role, develop and publish specific planning to comply with its NDC (Nationally Determined Contribution) and commitments to eliminate illegal deforestation and methane reduction.”

In the case of the private sector, it is necessary to “support the simplification of credit transaction processes in the voluntary market, as well as establishing partnerships with other market actors with the intention of strengthening and cooperating for the maturation and fair return to landowners and local communities involved in the project”, among other recommendations.

(To Estadão Content)

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