Brazil’s Rio de Janeiro state intends to create a carbon credit trading exchange

The state's environmental assets total about 73 million tons of CO2 equivalent. According to the quotation of the regulated European market, this volume would be worth between R$25 (US$4.7) billion and R$30 billion,

RIO DE JANEIRO, BRAZIL - The State of Rio de Janeiro intends to promote the creation of a carbon credit trading exchange, operating in both the voluntary market and in the market regulated by article 6 of the Paris Agreement, which should be the subject of debate at the United Nations Climate Conference, COP26, scheduled to take place in November in Glasgow, Scotland.

As an incentive, the Rio de Janeiro state government plans to offer credits derived from existing assets, such as forests and parks.

"The state would be the promoter of this market and, as such, we are willing to . . .

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