O Bill No. 412/2022 which creates the SBCE (Brazilian Greenhouse Gas Emissions Trading System) was approved, on October 4th, by the Senate and is in the process of being sanctioned.
O SBCE is a carbon pricing system created by governments that aims to contribute to achieving carbon dioxide commitments reduction of GHG (greenhouse gas) emissions, undertaken under the United Nations Framework Convention on Climate Change and the Paris Agreement.
According to ICC Brazil (International Chamber of Commerce), regulation can yield up to US$ 100 billion to Brazil. Government expectations are that, by 2050, Brazilian emissions are neutralized.
Furthermore, it stated that companies that manage to reduce their emissions below allocated allowances can sell excess carbon credits.
For every ton of gas not emitted, one carbon credit, which can be sold to companies or governments in countries that need to achieve GHG reduction targets, but are unable to do so due to economic problems or dependence on polluting fuels, for example.
According to Paulo Bertolini, general director of APCER Brazil, global business enterprise in supplier certification services, a A regulated market offers greater security when closing a deal for the country or company that wishes to acquire carbon credits.
“Participating in this billion-dollar market, without a doubt, is a great incentive for companies to reduce their emissions and, consequently, advance the environmental protection agenda”, points out Bertolini.
to participate in carbon market It is first necessary to calculate the organization's carbon footprint. From there it is possible to trace strategies to reduce emissions, resulting in carbon credits for sale.
The GHG emissions reduction report and project must be verified by independent certifying bodies, ensuring the veracity of gas measurements.
According to APCER, the voluntary market will continue to exist, with projects to reduce emissions in the renewable energy, reforestation and energy efficiency sectors, generating credits that can be sold by individuals or companies that do not necessarily meet the SBCE standards.
“The need for a certifying body to the GHG emissions and reductions report is an ethical issue, so that fraudulent numbers are not sold and the market remains legitimate and effectively helping the planet”, concludes Bertolini.
