Senate Committee approves regulation of the carbon emissions reduction market

This market, provided for in a 2009 law, is one of the instruments of the National Policy on Climate Change. According to legislation, the MBRE It will be operated on commodity and futures exchanges, stock exchanges and organized over-the-counter entities, authorized by the Securities and Exchange Commission (CVM), where securities representing certified avoided greenhouse gas emissions will be traded.

In May this year, the Bolsonaro government issued a decree to regulate the carbon market. There is an assessment, however, that a law to substantiate and provide more details about the instrument is necessary.

In his opinion, the rapporteur of the text, Tasso Jereissati (PSDB-CE), stated that the merit of the proposal is “ineffectivequestionble”, considering the predicted scenarios of climate change, which include a decrease in rainfall in the main agricultural producing regions in the Center-South and an increase in natural disasters such as floods and droughts. “It is essential to adopt measures that induce activities and projects with lower carbon emissions,” he stated.

(To Estadão Content)

Learn more at:

• CAE approves regulation of the carbon emissions reduction market (The Senate Agency)

Read also

Do you know what PEC is?

In recent days, after the end of the elections and the beginning of the government transition process, a lot has been said about PEC. Great expectations were created waiting for the Transition PEC, presented in Congress this Monday (28). But do you know what a PEC is? And why, after all, is it so important?