Brazil wants a cap-and-trade scheme
Brazil sets sights on regulated carbon market
Authorities eye design of EU ETS as they seek legislation to help fast-track decline in emissions through a cap-and-trade market
The Brazilian government is getting serious about strengthening the country’s nascent carbon market. Speaking at the COP28 summit in Dubai, President Luiz Inacio Lula da Silva promised to slash domestic emissions by 53% by 2030, before achieving carbon neutrality by mid-century. The government had also hoped to pass new carbon regulations in time for the summit. Beyond legislation promoting carbon credit projects and the voluntary carbon market (VCM), Brazil lacks distinct regulations at either the federal or state level. For heavy industry, there is still little incentive to cut carbon emissions and few punishments for exceeding limits. However, this could soon be about to change. In Octobe
Also in this section
11 November 2025
Transition policies must recognise that significant industrial demand for carbon will continue even as economies hit net zero
6 November 2025
After years of pursuing ideologically driven climate leadership, Western powers are now stepping back under mounting political pressure and rising populist opposition—prompting concern essential climate action could be sidelined
17 October 2025
The business case for CCS is strengthening as costs decline, but deployment must accelerate to align with credible net-zero scenarios
17 October 2025
The black-tie gala recognised the energy industry’s leading innovations and thought leaders from across the value chain
