Brazilian lawmakers drop cap-and-trade plans in wake of government decree

Published 23:14 on June 20, 2022  /  Last updated at 23:58 on June 20, 2022  /  Americas, Nature-based, South & Central, Voluntary Market  /  No Comments

Legislation to create a compliance carbon market in Brazil has been "completely disfigured" to exclude cap-and-trade amid pressure from allies of President Jair Bolsonaro, according to the elected representative who introduced the bill.

Legislation to create a compliance carbon market in Brazil has been “completely disfigured” to exclude cap-and-trade amid pressure from allies of President Jair Bolsonaro, according to the elected representative who introduced the bill.

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