Carbon market: regulation can add R$ 3 trillion to the Brazilian GDP

2023-07-03 16:43:40

Bill (PL) No. 412/2022, currently being discussed in the Chamber of Deputies, intends to regulate the carbon market in Brazil, expanding a voluntary movement that already exists in the business environment. This regulation could generate 2 million new jobs by 2030, in addition to adding R$ 2.8 trillion to the Brazilian Gross Domestic Product (GDP), according to study by the Coalizão Brasil Clima, Florestas e Agricultura published in O Globo.

Decree No. 11,075/22 of last year created the National System for the Reduction of Greenhouse Gas Emissions, however, it did not bring guidelines and rules for controlling the Carbon Market. The postponement of the approval of the PL delays an economically important and key sector for the fulfillment of the commitment signed by Brazil, that of reducing greenhouse gas (GHG) emissions by 50% by 2030.

“Brazil will host the United Nations Climate Conference in two years, and it would be coherent for our carbon market to be regulated and bringing good results to the country”, evaluates Paulo Bertolini, director general of APCER Brasil, certifier of Portuguese origin with global action.

To participate in this market, it is first necessary to calculate the organization’s carbon footprint. From it, it is possible to draw up strategies to reduce emissions, resulting in credits for its commercialization.

For every ton of gases not emitted, a carbon credit is generated, which can be sold to companies or governments of countries that need to reach GHG reduction targets, but are unable to do so for various reasons.

“There are several reasons why some countries may face difficulties in achieving their environmental goals, such as economic challenges, dependence on fossil fuels, poor policies and governance, technological and infrastructure difficulties, socioeconomic and demographic pressures”, explains the president of the Brazilian Association of Carbon and Methane Credit (ABCARBON), Rita Ferrão.

Bertolini adds that regulation is security for merchants and consumers in this market. “If it is a country or company that needs to buy carbon credits, it is much more logical to opt for the purchase from a country with a regulated market, as this guarantees that, in order to be sold, the credits have gone through rigorous evaluations”.

When calculating its carbon footprint, an organization can gain greater credibility for its results by relying on verification by a certification body accredited by the National Institute of Metrology, Quality and Technology (Inmetro), available for consultation on its website. site.

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