Monday, November 4, 2024.
Final Saturday, November 2nd, after 9 months formally stopped within the Brazilian Nationwide Congress, Invoice 182/2024 that creates the Brazilian Greenhouse Fuel 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 under and skim it for your self.
Diana drew consideration to the Brazilian Nationwide Congress, indicating that it may regulate the native carbon market earlier than COP-29 in Azerbaijan.
Curiously, just some 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 printed an article in BrazilJournal, as you may remember here.
And there we commented on the Brazilian political second, with the 2nd. spherical of municipal elections which might be approaching, along with the modifications within the presidencies of the Chamber and Senate whose phrases run till the start of 2025.
Within the imminence of fixing different points associated to carbon credit, at a legal, tax and accountingBrazil is now cheering for the subject to really evolve, regardless of comparable “hope” having occurred a 12 months in the past, before COP 28 in Dubaialong with nearly 20 years after the European Union established the Emissions Buying and selling System (ETS) there, already with important deliveries by way of decarbonization, to the purpose of transferring in direction of ETS 2. To not point out the CBAM, Carbon Border Adjustment Mechanism.
We’ll see what awaits us within the coming days. COP 29 will definitely begin in Baku on Monday, 11/11.
