The president of CEBDS, Marina Grossi, defended at the event “Context of Article 6: State of negotiations and expectations of COP25” the position of the Brazilian business sector for the creation of pricing mechanisms in the country. The event, promoted by the International Emissions Trading Association (IETA), brought together organizations, academia and companies, such as Shell, EDF, Duke University and IEA.
Developed in a workshop promoted by CEBDS and IETA during the Latin American and Caribbean Week on Climate Change, held in August in Salvador, the position on Article 6 contains eight guiding principles for the creation of financial mechanisms for carbon trading. Among the points are the establishment of clear and objective rules that do not create unnecessary transaction costs, fostering the acceptance of and demand for reduction credits generated by the country, and compliance with the TCFD measurement and disclosure recommendations.
“The business sector wants Article 6 to promote and facilitate the competitive advantages of the mitigation options that the country can offer and, as a result, increase the efficiency of the economy as a whole. To this end, the private sector must be encouraged to offer carbon credits with criteria that attract demand and, therefore, be sufficiently valued to make these opportunities viable,” reinforced Marina.
