The president of CEBDS, Marina Grossi, participates today, December 2nd, from 3:20 pm to 4:20 pm, at Rio Oil and Gas, in this 2020 edition entirely online. Marina’s table will participate as mediator, it is called “Enabling the transition: technology, investment and the carbon market” and will address the following topics: iimpacts of disruptive technologies on the energy transition; adaptation of the Brazilian innovation ecosystem to the technological challenges of the transition; role of the capital market in promoting the energy transition; new financing mechanisms in the context of transition (climate bonds; green bonds); challenges for implementing the carbon market in Brazil and around the world; and international trade and the carbon market.
The speakers will be Bjørn Otto Sverdrup, Senior Vice President Corporate Sustainability at Equinor; Arja Talakar, Senior Vice President, Industrial Applications Products Business Unit at Siemens; and Heiko Meyer, Senior Vice President Strategy, Sustainability and M&A at Wintershall Dea.
CEBDS believes that the country is prepared to adopt carbon pricing with climate integrity, protection of competitiveness and transparent and participatory governance and that is why it has been leading the process of creating a regulatory framework for the carbon market in Brazil. This year created the Carbon Market Hub , a space dedicated to content, which brings news on the topic regularly.
CEBDS trajectory
CEBDS is historically recognized for its articulation and advocacy work on climate and carbon and has been working since 2016 with its companies showing the importance of pricing, both internally within companies and at the national level. These last years of studies, consultations and articulation have consolidated the paths of carbon pricing in Brazil. The business sector plays a fundamental role as an important actor in this change, as it can mobilize human and investment resources, drive technological innovation and finance the transition to a new low-carbon economy. The Board has gone ahead and implemented internal carbon pricing models to drive cleaner investments. There are currently more than 1,600 companies that already use or plan to use pricing by 2021 worldwide.
CEBDS Proposal
CEBDS defends the creation of a mandatory domestic carbon market in a proposal drawn up over several events and consultations with its members. In 2017, the organization presented a proposal for a carbon market at the Ministry of Economy, at the request of the Ministry itself. The proposal was contemplated by the PMR (Partnership for Market Readiness) project, a partnership between the Brazilian Government (Ministry of Economy) and the World Bank, and was presented together with the Ministry of Economy at the Technical Committee of the Low Carbon Industry (CTIBC). A Open Letter on Carbon Pricing, signed by leaders of 30 large companies and institutions, proposed by CEBDS, in partnership with Iniciativa Empresarial pelo Clima (IEC) and Carbon Pricing Leadership Coalition (CPLC), an initiative of the World Bank. In this document, they affirm their commitment to establishing an internal carbon price and moving towards closer collaboration with the public sector, other companies and their value chain. The choice of emissions trading systems, the identification of sectors to be priced and the context of the first phase have been decided. Now there is a need to detail the regulatory framework for this market, in which the technical parameters of this trading system to be created for the industry will be defined, that is, “the last mile”.
