Monday, 04 November 2024.
Final Saturday, November 2nd, after 9 months at a proper standstill within the Brazilian Nationwide Congress, Invoice 182/2024 that creates the Brazilian Greenhouse Gasoline Emissions Buying and selling System (SBCE) confirmed motion.
Regardless of the pending “presentation of an urgent request”, the next motion is taken by the Legislative Secretariat of the Federal Senate:
“Included in the agenda of the extraordinary semi-presential deliberative session of 11/05/2024”.
In different phrases, tomorrow, Tuesday. Click on on the picture beneath and skim it for your self.
Diana drew consideration to the Brazilian Nationwide Congress, indicating that it might regulate the native carbon market earlier than COP-29 in Azerbaijan.
Apparently, just a few weeks in the past a related group of Brazilian businesspeople took a stand in a Manifesto for the urgency of approving this invoice, about which Carbon Credit score Markets revealed an article in BrazilJournal, as you possibly can remember here.
And there we commented on the Brazilian political second, with the 2nd. spherical of municipal elections that was then approaching, along with the modifications within the presidencies of the Chamber and Senate whose phrases run till the start of 2025.
With the approaching decision of different points referring to carbon credit, at a legal, fiscal and accounting levelsBrazil is now cheering for the difficulty to truly evolve, regardless of related “hopes” having occurred a yr in the past, before the COP 28 in Dubaialong with nearly 20 years after the European Union established the Emissions Buying and selling System (ETS) there, already with vital deliveries when it comes to decarbonization, to the purpose of transferring in direction of ETS 2. To not point out CBAMCarbon Border Adjustment Mechanism.
We’ll see what awaits us within the coming days. COP 29 will definitely begin in Baku on Monday, 11/11.
