Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • CCUS
  • Cap & Trade Markets
  • Voluntary Markets & Offsets
  • Corporate & Finance
  • Net Zero Strategies
  • Podcasts
Search
Related Articles
Brazil eyes leadership role in global carbon market
Latin American country plans a cap-and-trade system and supports the scale-up of CCS as it prepares to host COP30
Outlook 2025: The role of biofuels in global renewable energy investments
Bioenergy will be a key part of the energy transition as the world decarbonises, and Brazil is set to be a major player in the sector
Outlook 2025: The energy transition and the Southern Cone
The region has ample resources of both gas and renewable energy and developing both will be vital to the global effort to reduce emissions
EU ETS revisions close to becoming law
Final shape of the law endorsed by European Parliament with only EU Council endorsement remaining
Brazil’s carbon markets to grow under Lula
Incoming president faces a series of decisions on legacy legislation that could provide impetus for domestic ETS and offset markets
EU reaches agreement on ETS revision
New scheme for transport and buildings paired with tighter cap in existing system
RepowerEU financing agreed
Innovation Fund will supply €12bn, with €8bn coming from early auctions of ETS allowances
EU agrees carbon border tariffs
Carbon border adjustment mechanism will begin test period in 2023 and phase in slowly over course of the decade
EU reaches deal to include shipping in ETS
Provisional agreement is still subject to an overall deal on the ETS revision in late December.
China ETS requires power market reform
Policymakers’ ongoing preference for regulated power tariffs over market-based pricing is one of key problems China needs to address
Lula has reinstated the Amazon Fund
Brazil ETS
Tom Young
12 January 2023
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Brazil’s carbon markets to grow under Lula

Incoming president faces a series of decisions on legacy legislation that could provide impetus for domestic ETS and offset markets

Both compliance and voluntary offset carbon markets are likely to grow in scope under the new Lula da Silva administration in Brazil, according to industry experts. Some promising actions have already been taken. Following his re-election in November 2022, the new president committed his country to reaching net-zero deforestation by 2030 at the Cop27 climate summit in Sharm el-Sheikh. And Lula has appointed the environment minister from his previous tenure (2003–11), Marina Silva, back to the same role. Silva previously used a number of tools to combat deforestation, including overhauling management of public forests, creating a biodiversity institute and tapping international climate financ

Also in this section
EU’s binding CCS targets: A burden or a blessing?
17 July 2025
Oil and gas companies will face penalties if they fail to reach the EU’s binding CO₂ injection targets for 2030, but they could also risk building underused and unprofitable CCS infrastructure
Brazil eyes leadership role in global carbon market
9 July 2025
Latin American country plans a cap-and-trade system and supports the scale-up of CCS as it prepares to host COP30
EU proposes 90% 2050 climate target
3 July 2025
European Commission introduces new flexibilities for member states to ease compliance with headline goal
Greater Mekong taps carbon market growth
1 July 2025
Supportive government policy, deforestation threat and economic opportunity drive forward the region’s monetisation of forest carbon

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search