The Brazilian Business Council for Sustainable Development (CEBDS) presented this Thursday, August 22nd, during the Latin American and Caribbean Week on Climate Change, a letter of principles with a summary of the debates and alignments on carbon pricing instruments, such as risk management, business opportunities and financial achievements.
The document was delivered to representatives of the Federal Government, Salvador Mayor ACM Neto, and representatives of companies and institutions attending an event on climate finance and risks. The recommendations will also be sent to the Ministries of Economy, Environment, Mines and Energy, and Agriculture.
The document was prepared based on discussions with CEBDS member companies and during the "Business Dialogue on Article 6" workshop, held jointly with IETA on August 19th during Climate Week. The letter sets out guiding principles for regulating Article 6 of the Paris Agreement, a debate that will take place during COP25, which will take place in Chile in December.
The Brazilian business sector advocates, among other points, the participation of the productive sector in the development of actions in all market mechanisms, the establishment of clear and objective rules that do not create unnecessary transaction costs for the expansion of the supply of emissions reductions, and the development of a transparent, simple and efficient accounting structure that avoids double counting and expands the valuation of emissions to be transacted in buyer markets.
