Since 2005, only two international certification bodies have held 97% of the carbon certification market in Brazil. This scenario shows a concentration of the service in foreign institutions, even if they are non-profit.
Seeking to diversify and expand this service, BNDES (National Bank for Economic and Social Development) and MMA (Ministry of Environment and Climate Change) announced this week the opening of a public consultation, with the contribution period until April 25th.
“It is necessary to discuss opportunities for diversifying this market in the country to meet the specificities of Brazilian climate mitigation projects, which have diverse biomes, land and sociocultural characteristics,” explains Nelson Barbosa, director of Institutional Relations at the development bank.
With the expected increase in the volume of carbon credit certifications in Brazil, this demand will require the expansion of certifying entities, including to improve and accelerate the certification process, which is currently long and costly.
Furthermore, Law 15.042 / 2024, who created the SBCE (Brazilian Emissions Trading System), requires that the methodologies for validating certificates be accredited and ed within the system.
The carbon credit project certifier is the entity that holds certification methodologies, providing criteria for monitoring, reporting and ing projects to reduce emissions or remove greenhouse gases.
The expectation is that with the Law, both domestic and foreign demand for carbon credit certification will grow, both in the regulated and voluntary markets. The credibility of the certification is necessary for carbon credits to be accepted by buyers.
all the content of Canal Solar is protected by copyright law, and partial or total reproduction of this site in any medium is expressly prohibited. If you are interested in collaborating or reusing part of our material, please us by email: [email protected].
