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

Brazilian President Blames Bureaucracy for Lack of Help to Flood Victims

Record floods and drought in "complicated" Brazil Brazil's worst flooding in decades in the ...

Bargain Hunters Boost Brazilian Stocks by Over 7%. LatAm Leaders Lambast US

Brazilian investors went back into a buying spree, this Tuesday, September 30, in search ...

Fear in Bahia, Brazil, Is Emptying ATM Machines and Supermarket Shelves

Sunday, February 5, 2012. 7.30 am. A side road in a residential area of ...

Brasília’s Creator Frowns Upon Disney Parade to Celebrate City’s 50th Birthday

Brazilian capital Brasilia’s 50th anniversary’s celebration began Wednesday with a parade of Walt Disney ...

Brazil and Mercosur Romancing the Arabs for the Money

Celso Amorim, the Brazilian Foreign Minister says that the agreement that is being negotiated ...

Change in Brazil Won’t Come from Palaces, But from Mobilized People

In order to win a lot of victories in the coming year, the MST ...

Brazil Earmarks Over Half a Billion Dollars for Agricultural Research

Brazil's Agricultural Research Corporation (Embrapa), one of the companies that is mainly responsible for ...

The Rocky Road to Free Trade for Brazil and Mercosur

The removal of obstacles to free trade among the countries that belong to the ...

Brazil’s Forest People Mission: Offer Outsiders a Glimpse of Jungle Life

Indians are not a thing of the past.” “Indians are not a costume.” “Water ...

London and New York Are Next for this Brazilian Behavioral Research Firm

Conducting behavioral research and seeking innovative solutions for the corporate world. That is the ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`