Brazil Gets Ready to Cash Its Carbon Credits

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

Subdued Brazil Recalls Military Coup

Among those commemorating the 40th anniversary of the Brazilian military coup was a military ...

U.S.A. Calendar – 1995

THURSDAY 3 MIAMI 8:00 PM – Rio Ecstasy with Marta Sargentelli at Scala Miami ...

Brazil Entrepreneurs Ask For Less Red Tape and Flexible Labor Laws

Brazilian entrepreneurs participating in a meeting, last week, with the presidential candidates, organized by ...

Mercosur Viable Only If Brazil and Argentina Recover, Says Kirchner

Mercosur has “deep asymmetries” and until they are not solved, “the regional block will ...

After Beckham US Soccer Hires Brazil’s Ronaldo

The US's modest soccer world is abuzz with rumors that the hiring of English ...

In Brazil, a Husband Can Never Be a Rapist

A study entitled "The Brazilian Women in the Public and Private Spheres" drawn up ...

Decision in Second Round, says headline

Brazil’s Lula Pays the Penalty for Complacency

President Luiz Inácio Lula da Silva’s failure to win the election in the first ...

The Future of Brazil’s Democracy Is in the Hands of the Citinauts

Since 1986, former Planning Minister João Paulo dos Reis Velloso has assembled a group ...

Sex Abuse: Brazil Needs Change in Attitude

Along the Brazilian highways young people are being sexually exploited. Between January and March, ...

Brazil Wants Its Own Atlantic-Pacific Road from Sea to Shining Sea

The presidents of Brazil, Bolivia and Chile want to step up plans to build a ...