Brazil's Carbon Market Advances, but Needs to Integrate Forests and Agriculture

Brazil’s Carbon Market Advances, but Needs to Integrate Forests and Agriculture

Written by Corporativo

Published on 15/11/2023 at 16:28

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Gaps In The Carbon Market Bill Concern Experts

The recent regulation of the Carbon Market in Brazil, a significant milestone in the fight against greenhouse gas emissions, presents important gaps. Experts warn of the need for adjustments, mainly regarding the exclusion of the agricultural sector and the lack of measures for deforestation compensation. This scenario limits the effectiveness of the legislation and minimizes its real environmental impact.

The Trajectory Of Bill 412/2022

Bill 412/2022, approved by the Senate Environment Commission and currently under discussion in the House of Representatives, establishes the Brazilian Emissions Trading System (SBCE). However, it does not include companies from the agricultural sector and fails to offer solutions for compensating the reduction of deforestation. The proposal, which initially did not define specific sectors, was revised to exclude agriculture, sidelining a vital sector for environmental issues in Brazil.

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Deforestation And Agriculture: Major Emitters Ignored

Changes in land use and cover, such as deforestation and forest degradation, along with emissions from agriculture, represent about 73% of Brazil’s total emissions, according to the System for Estimating Greenhouse Gas Emissions and Removals (SEEG). These aspects have been the main contributors to the increase in emissions since 2019. The current bill does not adequately address these issues, leaving out a significant portion of national emissions.

Gabriela Savian, Deputy Director of Public Policies at the Amazon Environmental Research Institute (IPAM), emphasizes the importance of including compensation measures for the maintenance and removal of greenhouse gases through conservation and forest restoration, as well as strengthening Brazilian public policies in this sector.

REDD+ And The Importance Of Forest Preservation

REDD+ (Reducing Emissions from Deforestation and Forest Degradation), a mechanism recognized by the UN Climate Convention, is essential for compensating forest conservation efforts. Including activities related to conservation and sustainable forest management in developing countries under REDD+ is crucial for the global climate agenda. The recent regulation of the Paris Agreement includes the incorporation of carbon credits originating from REDD+ in the carbon market.

Jurisdictional REDD+ Systems And The Valuation Of Forests

Jurisdictional REDD+ systems in the Legal Amazon states demonstrate the effectiveness of the regional approach in generating high-integrity carbon credits. These systems allow for social and environmental safeguard actions and encourage low-carbon economy practices, such as sustainable agriculture and forest management. IPAM has been actively involved in providing technical and strategic support for these systems.

The Tropical Forest Credit Integrity (TFCI) Guide guides companies in acquiring forest carbon credits, emphasizing the importance of high socio-environmental integrity credits. This guideline is essential to ensure that carbon credits complement, and do not replace, companies’ decarbonization efforts.

Encouraging Conservation Within Rural Properties

Projects like Conserv, which compensate rural producers in the Legal Amazon for conserving native vegetation, are examples of how environmental preservation can be incentivized and rewarded. These initiatives not only reduce deforestation and agricultural emissions but also increase rural productivity and provide an additional source of income for responsible producers.

The Conserv program has already prevented the emission of 2.2 million tons of CO₂ and protected more than 20,000 hectares of native vegetation. The participation of 23 producers in the project is a testament to the potential of such initiatives for reducing and regulating Brazilian emissions.

Source: IPAM Communication.

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Brazil’s Carbon Market Advances, but Needs to Integrate Forests and Agriculture

Gaps In The Carbon Market Bill Concern Experts

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Brazil’s Carbon Market Advances, but Needs to Integrate Forests and Agriculture

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Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

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