LATIN AMERICA ADVISOR

Energy ADVISOR

A daily publication Of the dialogue

November 10, 2023

What Would New Carbon Regulation Mean for Brazil?

Brazil’s Congress is considering legislation to regulate the country’s carbon market, which could aid in President Luiz Inácio Lula da Silva’s efforts toward carbon neutrality. // File Photo: Brazilian Government.

Q

A

William Wills, director for the Center for Brazilian Climate and managing partner at Eos Consulting in Rio de Janeiro: “The Brazilian carbon market bill, under discussion for nearly two years, has evolved significantly, with the current mature version garnering strong support from Congress, the government and stakeholders. It is likely to be approved this month, ahead of the United Nations Climate Change Conference, COP28. While not perfect, the bill is a significant and good compromise that aligns with the principles of the E.U. Emissions Trading System, showcasing Brazil’s commitment to market-based mechanisms for reducing emissions. The bill is pivotal for propelling companies, especially those emitting more than 25,000 tons of carbon dioxide emissions annually, toward reducing their carbon emissions, fostering innovation and…”

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ABOUT THE Energy ADVISOR

A sister publication of the Inter-American Dialogue’s daily Latin America Advisor, the weekly Energy Advisor captures fresh analysis from business leaders and government officials on the most important developments in oil and gas, biofuels, the power sector, renewables, new technologies, and the policy debates shaping the future of energy in the Western Hemisphere and beyond. To subscribe or for more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

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Staff

Gene Kuleta
Editor
202.463.2920
gkuleta@thedialogue.org

Jack Quinn
Reporter

jquinn@thedialogue.org

Lori Rampani
Reporter

lrampani@thedialogue.org

board of advisors

Nigel Blackaby
Global Head, International Arbitration Group,
Freshfields Bruckhaus Deringer

Jimena Blanco
Chief Analyst,
Verisk Maplecroft

María José Cortés
Head of ESG,
Atlas Renewable Energy

Jeffrey Davidow
Senior Counselor,
The Cohen Group

Analia Gonzalez
Leader, Arbitration & Litigation,
Laitn America, BakerHostetler

Jonathan C. Hamilton
Partner,
White & Case

Raul Herrera
Partner, Corporate &
Securities Practice,
Arnold & Porter

James R. Jones
Chairman,
Monarch Global Strategies

Jorge Kamine
Partner, Corporate &
Financial Services,
Willkie Farr & Gallagher

Craig A. Kelly
Senior Director,
Int’l Government Relations,
Exxon Mobil

Jeremy Martin
Director,
Energy Program,
Institute of the Americas

Larry Pascal
Chairman, Americas
Practice Group,
Haynes & Boone

R. Kirk Sherr
President,
Clearview Strategy Group

Daniela Stevens
Director,
Energy Transition and Climate Program,
Inter-American Dialogue

Doris Rodríguez
Partner,
Hunton Andrews Kurth

Alexandra Valderrama
Director,
International Government
Affairs, Chevron

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