Carbon market, Amazon 4.0 and an exclusive study

These are the main focus of the CEBDS agenda until December 13th at the Madrid Climate Conference

MADRID, Spain (December 9, 2019) – The creation of a global carbon market, Amazon 4.0 and an exclusive study which shows climate change as one of the main drivers of risks and opportunities for companies in Brazil. These are the three main items on the agenda of the Brazilian Business Council for Sustainable Development (CEBDS) at the 2019 United Nations Climate Change Conference (COP25), which runs until December 13th in Madrid, Spain.

In addition to participating in events in debates focused on Article 6 – which deals with cooperation mechanisms to create a global carbon market, the last point of the Paris Agreement that depends on regulation – CEBDS leads the articulation for the Brazilian government be more flexible at the Climate Conference and allow the country to move forward on this agenda. The Brazilian business sector expects the Brazilian government accepts the proposal for a safe transition from the current CO² reductions that the country has already made during the Kyoto Protocol period. Last Tuesday (3), International Emissions Trading Association (IETA) and CEBDS held the Business Dialogue on Carbon Markets and Article 6 Workshop at IETA Business Hub.

Next Tuesday (10th) CEBDS will release the publication ‘How Companies have been contributing to the Paris Agreement’, a detailed study by CEBDS, with support from WWF-Brazil and CDP (Carbon Disclosure Project) Latin America, which shows how companies are integrating climate issues into their business decisions in Brazil and what is the joint impact that the business sector has been generating in the country. The study is based on the responses of 61 Brazilian and multinational companies operating in the country, which represent about 90% of the capital commercialized on the Brazilian Stock Exchange.

On Wednesday (11th), from 10:00 to 11:30 am, CEBDS, Climate Business Initiative (IEC) and Society and Climate Institute (iCS) will hold the panel ‘Carbon Pricing Gaining Momentum panel in Brazil: Brazilian Industry Positioning on Article 6’, in Brazil Climate Action Hub. On the same day, CEBDS, Arapyaú Institute, Global Compact and Brazil Coalition, Climate, Forests and Agriculture will promote the side event ‘Possible Amazon invites: Amazonian Business Initiatives’. It will be at the Brazil Climate Action Hub, from 5:30 pm to 7:00 pm.

During the side event, will be presented the preliminary results of the business case survey conducted among the members of the Brazil Coalition, Climate, Forests and Agriculture; CEBDS; Ethos Institute; Arapyaú Institute; System B; Brazil Global Compact Network; FGVces and Partners Through the Amazon (PPA), which directly or indirectly operate in the Amazon biome. Some principles will also be shared to guide the actions of companies aiming at the sustainable development of the region and will present cases from companies as Natura, Ambev and Votorantim Cimentos.


DAY 12.10 (Tuesday)

Event: Global release of study ‘How Companies have been contributing to the Paris Agreement’

Venue: UNFCCC – IFEMA Pavilion 8

Time: 5:00 to 6:00 pm (Madrid time)

Production: CEBDS, WWF-Brazil and CDP Latin America

DAY 12.11 (Wednesday)

Panel: Carbon Pricing Gaining Momentum in Brazil: Brazilian Industry Positioning on Article 6

Venue: Brazil Climate Action Hub in Pavilion 8

Time: 10:20 am to 11:30 am (Madrid time)

Production: CEBDS, IEC and ICS

Panel: Possible Amazon invites: Amazonian Business Initiatives

Venue: Brazil Climate Action Hub in Pavilion 8

Time: 5:30 pm to 7:00 pm (Madrid time)

Production: Arapyaú Institute; Global Compact and Coalition Brazil, Climate, Forests and Agriculture


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