The Brazilian Business Council for Sustainable Development (CEBDS) held the Final Seminar of the Carbon Markets Project with the launch of the Respective Regulatory Framework. After the opening by Marina Grossi, the president of CEBDS, the event continued with a presentation by Ronaldo Seroa da Mota, professor of economics at the University of the State of Rio de Janeiro (UERJ), about the Regulatory Framework.
“We are talking, in the documents that CEBDS is publishing, about the mandatory market, which in the case of Brazil is the compulsory market. This market is different from the voluntary market and is different from the market in Article 6 (which is a transaction of credits between countries or companies). The market in Brazil is similar to those in Mexico, Europe and Korea, or the subnational market in California. There is a carbon budget, which has a maximum limit of emissions that the regulated sectors can emit during a year, and the emission rights are distributed free of charge (in order to protect competitiveness) or auctioned,” he says.
The debate, which also included the vice-president of Government Relations, Science and Sustainability, of Bayer, Alejandro Girardi, and the deputy president of Neoenergia, Solange Ribeiro, was mediated by Gustavo Pinheiro, the coordinator of the Low Carbon Economy portfolio of iCS. Marcelo Ramos, the federal deputy for the state of Amazonas and the proponent of Bill 528, which proposes the regulation of the Brazilian carbon market, also played an important part.