{"id":23090,"date":"2018-07-09T19:20:53","date_gmt":"2018-07-09T19:20:53","guid":{"rendered":"https:\/\/cebds.org\/noticia\/o-preco-do-carbono\/"},"modified":"2023-06-23T14:34:44","modified_gmt":"2023-06-23T14:34:44","slug":"o-preco-do-carbono","status":"publish","type":"noticia","link":"https:\/\/cebds.org\/en\/noticia\/o-preco-do-carbono\/","title":{"rendered":"The price of carbon"},"content":{"rendered":"

Article published on the Portal NeoMondo<\/a><\/strong><\/p>\n

Carbon pricing is already a reality among Brazilian companies in their investment decision-making processes, but much still needs to be done at the governmental level, starting with the establishment of a regulatory framework on the topic. This was one of the main conclusions of the International Meeting on Carbon Pricing, held in S\u00e3o Paulo, on June 19.<\/p>\n

The event, the result of a partnership between the German Embassy in Brazil with the Climate and Society Institute (iCS)<\/a>, was carried out together with the Brazilian Business Council for Sustainable Development (CEBDS), the Carbon Pricing Leadership Coalition<\/em> (CPLC)<\/a> and the European Commission.<\/p>\n

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Throughout the program, emissions trading (cap and trade) and taxation were debated as the two most viable forms of carbon pricing currently. Broadly speaking, trading consists of trading securities in a market called Emissions Trading Systems<\/em> (ETS), based on certificates sent to companies that establish a previously agreed emissions limit. The taxation system has as its principle the collection of tax charged from a fixed price on each unit issued by the company.<\/p>\n

One of the most debated issues during the meeting was the report from the Federal Court of Auditors which revealed the granting of tax waivers of R$ 4.14 billion by the Federal Government to the energy sector. Of this total, R$ 740 million was allocated to thermoelectricity and R$ 666 million to liquefied natural gas. Another topic discussed during the debates was the reduction of the Economic Intervention Contribution (Cide) on diesel oil, as a consequence of the truck drivers' strike in May.<\/p>\n

The topics were treated with concern among the speakers, mainly due to the risks of compromising emissions reduction targets in Brazil, based on the terms established under the Paris Agreement in 2016.<\/p>\n

During the event, it was revealed that 42 national and 25 subnational governments already price carbon. In Brazil, pricing initiatives are led by companies, which apply the system internally. There was consensus, however, about Brazil's potential to develop a promising carbon market, similar to what is already occurring in Europe. The country occupies eighth place in the world ranking that measures installed wind energy production capacities, according to the Global Wind Statistics<\/em> 2017.<\/p>\n

\"Presidente