Update: The carbon market again, but to involve experts in the investment industry economy
On Sunday, 16 years old, the former article was an amendment in the third paragraph in Antonio Augusto Reese, a partner of the environmental law in Matos Filo. Follow the updated version:
The carbon market has already owns the law, lovers and interest in the Brazilian investment industry to grow as a financial asset. But its full potential should take some time to be accessed. This is because although Law No. 15.042/2024, which developed the Brazilian greenhouse trade system (SBCE), there are many definitions to be provided. In addition, regulations are needed in the back and insurance sectors in order for the capital already transferred.
“The market -regulated market will be implemented over the course of four to six years, and a set of regulations for departure to run is still needed,” says Antonio Augusto Reese, Mattos Filho’s environmental partner. But he believes that there is “very great potential for the financial market to participate more active” in this matter.
The main factor has already been resolved. According to the Carbon Market Law, the credits are securities when negotiating them in the financial market and capital. “There was a great appetite for the carbon market, but we lived in discussions on how to provide the original. The law as a furniture value is also recognized, a much larger movement is expected from the point of view of investment,” says Reese.
Guilherme Mota, partner of the environmental law at the Lefosse office, adds that the law recognizes the Securities Committee (CVM) as an authority to regulate and supervise carbon credit marketing. “However, we are still relying on an effective framework to implement this structure,” says Motta. Also, for Mattos Filho kings, CVM has the task of searching for a balance between a large -scale market model. “It is important that discussions mature from a practical point of view.”
These discussions are a thousand, according to Kaka Takahashi, Director of the Brazilian Association for Financial entities and Capital Markets (ANBIMA) and the Sustainability Network Coordinator. “It is a very hard work and it is CVM’s responsibility, but we are working four hands with our technical teams so that we have the origin of laboratories in the market,” says Takahashi, while highlighting the importance of the market -organized market to speak with the volunteer market and consensus with the organization of other countries.
On the one hand, the director of the asset furniture says the asset furniture is already known. He describes: “It must have transparency, information, the methodology of registration and integrity.” On the other hand, you need to understand “what to do with it.” “Carbon credit arises and sold it within the real economy, but we need to bring it effectively to the furniture market. We now enter a moment of organization, with the definitions of governance, employment and systems,” says Takahashi.
Optimistic, he believes that the definitions for operating the carbon market may take less time out of “a few years”. “When we talk about transition and climate, we see the risks brutally touched,” says Takahashi. Minutes before the interview with Broadcast (The real time news system in the government group), he played a civil defense alert in Sao Paulo on mobile phones to indicate the arrival of the storm – something that has become repeated in all areas of Brazil. “The warnings are very clear,” he says. “
What is for the coming months is expectation, because, in fact, the volume of business around the carbon market can be important. Anbima evaluation is that Brazil should put itself on the market that already has a structure and organization for this sector, and continues to advance. The same money comes later, but the message “The National Carbon Market is strong and prepared”, according to the association.
