Brazil Gets Ready to Cash Its Carbon Credits

Brazzil Magazine covers

Alongside India, Brazil holds a leadership position in the Clean Development Mechanism (CDL) market, with 74 projects already identified by the Brazilian Ministry of Science and Technology.

This affirmation was made by the coordinator of the Energy Planning Program of the Federal University of Rio de Janeiro (Coppe/UFRJ), Emí­lio La Rovere.

According to La Rovere, these projects are already being processed in the country. "This places us in a leadership position as well in terms of the quantity of tons of carbon gas. These 74 projects alone will cut carbon dioxide emissions by 130 million tons. This will give us the leadership in the CDL market, ahead of India, which will take over second place," La Rovere said.

He pointed out that the CDL projects bank, inaugurated last month by the Rio de Janeiro Stock Exchange (BVRJ), in partnership with the Commodities and Futures Market (BM&F), will be an important showcase in the selection of projects to be tendered on the market.

This applies to both the selection of preliminary ideas for financing by those interested in Emission Reduction Credit Certificates (ERCs) and the presentation of projects that have already been recognized by certifying agencies, he explained.

The auctions will begin on the BVRJ by the end of the year, when, Brazil will become, in fact, the first of the emerging countries to negotiate ERCs on the stock exchange.

Agência Brasil

Tags:

You May Also Like

Brazzil Magazine covers

Brazil’s Lula Warns that Mercosur Needs to Mature Fast to Achieve Integration

President Luiz Inácio Lula da Silva, of Brazil, said today that the larger countries ...

Brazzil Magazine covers

Brazil’s US$ 36 Billion Surplus Helps Markets

Brazilian and Latin American markets advanced, as investors reacted positively to a string of ...

Brazzil Magazine covers

Crying High

The number of Internet users in Brazil has surpassed the 1 million mark and ...

Brazzil Magazine covers

Brazil: Of Best-Sellers and Better Reads

The crisis of literature is not only Brazilian. It is felt on the world ...

Brazzil Magazine covers

For Central Bank Chief, Brazil Is OK and Needs No Change

The president of Brazil’s Central Bank (BC), Henrique Meirelles, declared that in light of ...

Brazzil Magazine covers

Brazil Adopts Stick and Carrot Policy Towards China

The Brazilian government plans to publish China’s protocol of admission to the World Trade ...