Orplana, which brings together suppliers of raw materials, is an opportunity for those who have certified production or intend to certify
After the approval of the project with the rules for the regulated carbon market in Brazil in the Chamber of Deputies, on Tuesday night (19/11), the Organization of Associations of Sugarcane Producers of Brazil (Orplana) “celebrated” the decision and justified that it opens “opportunities for sugarcane producers in Brazil”.
The text evaluated by the deputies is a substitute for Bill 182/24 and is now awaiting presidential sanction.
“We are actively supporting and monitoring the issue, as it impacts sugarcane producers and, mainly, those producers who are certified or intend to become certified, as it may open up an opportunity to sell carbon credits to other sectors,” said Orplana president José Guilherme Nogueira, in an official statement.
The proposal stipulates a regulated market and a voluntary market for carbon emission or removal bonds, in which the most polluting companies must follow emission targets and can use these bonds to offset emissions. Agribusiness, however, was spared from the substitute text for emissions taxation, but was included in the guidelines that propose rules for trading carbon credits.
The carbon market will be regulated by the Brazilian Greenhouse Gas Emissions Trading System (SBCE), which will allow the trading of Brazilian Emission Quotas (CBE) and verified emissions reduction or removal certificates (CRVE).
In its statement, Orplana said it is awaiting developments and presidential approval to “seek to increase the profitability of sugarcane producers,” concluded Nogueira.
