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Capital Markets Insight: The Brazilian Sustainable Debt Market – A Cross-Border Regulatory Perspective

As emissões de dívidas sustentáveis por empresas brasileiras nos mercados doméstico e internacional têm aumentado substancialmente. No exterior, o volume combinado de títulos verdes, sociais e sustentáveis emitidos por...more

Capital Markets Insight: The Brazilian Sustainable Debt Market – A Cross-Border Regulatory Perspective

Sustainable debt issuances by Brazilian companies in both domestic and international markets have steadily increased. Abroad, the combined volume of green, social, and sustainability bonds issued by Brazilian corporates,...more

MMA Opens Public Consultation on Regulation of the National Policy on Payment for Environmental Services

Brazil’s Ministry of the Environment and Climate Change (MMA) has launched a public consultation on the draft decree intended to regulate Law No. 14,119/2021, which established the National Policy on Payment for Environmental...more

New Federal Decree Regulates Renovabio Penalties

On April 17, Federal Decree No. 12,437/2025 (the “Decree”) was published, regulating recent amendments to the National Biofuels Policy (Renovabio) introduced by Law No. 15,082/2024. The Decree aims to strengthen oversight...more

IMO Approves New Regulatory Package to Decarbonize International Maritime Transport

Between April 7 and 11, 2025, during the 83rd session of the Marine Environment Protection Committee (MEPC), the International Maritime Organization (IMO) approved a new set of regulatory measures aimed at reducing greenhouse...more

ICMBio Updates Rules on Intervention in Environmental Licensing

On April 3, 2025, Brazil’s Federal Environmental Agency for the protection of Conservation Units (“ICMBio”) published Normative Instruction No. 16/2025, modifying the procedures regulating its role as an intervening agency in...more

Brazil: Federal Decree Regulates FUNAI's Enforcement Powers

AT A GLANCE - Federal Decree No. 12,373/2025, published on February 3, 2025, reinforces FUNAI’s regulatory authority over indigenous lands and restricted areas by outlining offenses such as unauthorized entry by...more

IBAMA Opens Public Consultation on New Ship-to-Ship Operations Regulation

Brazil’s Federal Environmental Agency (IBAMA) has launched a public consultation on a draft regulation governing environmental controls for ship-to-ship (STS) operations in Brazilian jurisdictional waters. The draft...more

Renovabio: Biomass Producers to Receive Revenue from the Sale of CBIOs

On December 31, 2024, Brazil enacted Federal Law No. 15,082 (the “Law”), amending the National Biofuel Policy Act – Renovabio (Law No. 13,576/2017) to include independent producers of raw biofuel materials in the...more

Public Consultation on the Brazilian Sustainable Taxonomy

Brazil’s Ministry of Finance has initiated a public consultation on the Brazilian Sustainable Taxonomy (TSB), a fundamental instrument for classifying and defining the compatibility of economic activities and investments with...more

Key Outcomes of COP-29 and Expectations for COP-30

The 29th Session of the UN Conference of the Parties to the UN Framework Convention on Climate Change (COP-29) concluded on November 22, and COP-30 is now in sight. In this Legal Update, we discuss some of the key results of...more

Brazilian Emissions Trading System Approved by the National Congress

On November 19, 2024, the Chamber of Deputies approved Bill No. 182/2024, establishing the Brazilian Emissions Trading System (SBCE), following its approval by the Federal Senate on November 13. The text now awaits...more

COP-29: Progress in the Operationalization of the International Carbon Credit Market

On November 11, 2024, one of the first substantive outcomes of the 29th Session of the UN Conference of the Parties to the UN Framework Convention on Climate Change (COP29) was approved. The President of COP19 introduced a...more

Brazilian Supreme Court Allows Landfills to Continue Operating in Permanent Preservation Areas and Compensation of Legal Reserves...

The Brazilian Supreme Court (Supremo Tribunal Federal - STF) has decided by majority vote that landfills being installed or already operating or expanding in Permanent Preservation Areas (Áreas de Preservação Permanente -...more

Brazil Enacts New Framework for Carbon Capture and Storage

On October 8 2024, Brazil enacted Federal Law No. 14,993/2024, which stems from Bill No. 528/2020, the “Fuels of the Future Bill.” The new law, which addresses several matters related to decarbonization, provides for the...more

Significant Changes to the Federal Environmental Sanctioning Administrative Process

On September 20, 2024, the Brazilian government published Federal Decree No. 12,189/2024 (the “Decree”), significantly amending Federal Decree No. 6,514/2008, which provides for administrative penalties for environmental...more

Emissions on International Flights: ANAC Publishes Regulations Incorporating Corsia Rules in Brazil

On May 14, 2024, Brazil’s National Civil Aviation Agency (“ANAC”) approved Resolution No. 743/2024 (“Resolution”), which regulates the monitoring and offsetting of carbon dioxide (“CO2”) emissions on international flights....more

New Legislative Rules Seek to Improve Brazilian Biodiversity

The biodiversity matter has been on the agenda of the Federal Government and, recently, four biodiversity-related legislation were published in the Official Gazette: Federal Decree No. 12,017/2024; and Resolutions No....more

Interinstitutional Committee for the Brazilian Sustainable Taxonomy Publishes First Regulations

On  May 3, 2024, the Interinstitutional Committee for the Brazilian Sustainable Taxonomy (CITSB)—keeping with its goal of coordinating the development of the Brazilian Sustainable Taxonomy—published its first set of...more

ANP Publishes Individual Renovabio Emissions Targets for 2024 and 2023 Results

On March 28, 2024, Brazil’s National Petroleum Agency (ANP) published the mandatory individual targets for reducing greenhouse gas emissions for 2024. These targets consider the global target of 38.78 million Decarbonization...more

IMO Discusses Alternatives for Decarbonization of the Maritime Transport Sector

Following discussions during the 81st meeting of the Marine Environment Protection Committee (MEPC 81), which took place March 18–22, 2024, member states of the International Maritime Organization (IMO) agreed on a draft...more

IBAMA Implements New Calculation Method for Environmental Control and Inspection Fee (TCFA)

Beginning April 2024, companies registered in Brazil’s Federal Technical Registry of Potentially Polluting Activities (CTF/APP) will begin to pay   the Environmental Control and Inspection Fee (TCFA) under a new calculation...more

Brazilian Federal Government Creates Inter-institutional Committee to Develop Brazilian Sustainable Taxonomy

On March 25, 2024, the Brazilian federal government published Decree No. 11.961/2024, establishing an advisory and deliberative group, the Brazilian Sustainable Taxonomy Interinstitutional Committee (“CITSB”), which will...more

Deliberation Establishes Jurisdiction for Environmental Licensing of Municipalities in the State of São Paulo

On February 21, 2024, Deliberation of the State Environmental Council (CONSEMA) No. 01/2024 was published in the Official Gazette, establishing jurisdictions for the municipal environmental licensing of enterprises and...more

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