BNamericas – Brazil to create local carbon credit certifier

Brazil’s integration and regional development ministry has partnered with the mint house in a push to create a national carbon credit certifier.

“The initiative aims to create a fully national carbon credit certification service, as, to date, there are only foreign certifiers operating in this sector,” the ministry said in a statement.

President Luiz Inácio Lula da Silva signed the law regulating the carbon credit market at the end of 2024.

Since then, companies or projects that focus on emissions reduction through reforestation, renewable energy or carbon capture, among others, can generate carbon credits.

These credits are traded in a marketplace and bought by other companies that need to offset emissions to meet environmental or regulatory targets. Each carbon credit represents 1t of CO2 that was not emitted or was removed from the atmosphere.

However, local initiatives are facing delays because they rely on international certifiers, which, in turn, face pressure to strengthen project analysis procedures.