A CAE (Economic Affairs Committee) must analyze, on Tuesday (08), at 9 am, the bill that regulates the MBRE (Brazilian Emissions Reduction Market), which will aim to regulate the purchase and sale of carbon credits in Brazil (PL 412 / 2022).
Provided for in Law 12.187, of 2009 (National Policy on Climate Change), MBRE will be operationalized on commodity and futures exchanges, stock exchanges and organized over-the-counter entities, authorized by the CVM (Securities Commission), where securities representing emissions will be traded of greenhouse gases avoided certified.
The rapporteur of the text, senator Tasso Jereissati (PSDB-CE) presented a substitute for the proposal, which is being processed together with the following projects:
- PL 3.606 / 2021, by senator Veneziano Vital do Rêgo (MDB-PB), who established the regulatory framework for MBRE;
- PL 2.122 / 2021, by Senator Weverton (PDT-MA), which defines rules for financial assets associated with mitigating greenhouse gas emissions;
- PL 4.028 / 2021, by senator Marcos do Val (Podemos-ES), which establishes general guidelines for regulating the carbon market in Brazil.
According to Agência Senado, in the substitute, Tasso Jereissati presents a new proposal for organizing the carbon credits market, of a broader nature, with the management of greenhouse gas emissions as its main axis.
This implied, according to the Agency, proposing the establishment of the Brazilian Greenhouse Gas Emissions Management System, within which the national plan for the allocation of Greenhouse Gas Emission Rights is established.
The plan will also establish the interoperability of the two large markets for these assets, the regulated and the voluntary, as well as their operation with other markets. As for taxation, Jereissati explains that he sought in the legislation that regulates gains from variable income securities.
In this sense, the income tax rate on gains was set at 15%, with the paying source being responsible for its retention and collection when there is intermediation
The text to be approved by the CAE will be subsequently analyzed by the CMA (Environment Commission), on a final basis.
