The creation of the Brazilian Emissions Trading System (SBCE) represents a milestone for the consolidation of carbon pricing in Brazil and for advancing the decarbonization agenda of the economy. X-ray CEBDS It presents the main elements of the system approved by the National Congress, detailing its operation under the logic of cap-and-trade, The publication also addresses the regulated scope, tradable assets, the measurement, reporting and verification (MRV) system, governance, implementation phases, and resource allocation. It further discusses the relationship between the regulated and voluntary carbon markets, including CRVEs, international transfers under Article 6 of the Paris Agreement, REDD+, and the rights of indigenous peoples and traditional communities, as well as outlining the key points that would still require regulation for the operationalization of the SBCE.
