In accordance with Federal Decree No. 12,082/2024, which established the National Circular Economy Strategy (which we explored in a July 2024 Legal Update), a public hearing has been opened for the development of the National...more
3/17/2025
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Circular Economy ,
Climate Change ,
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Sustainable Finance
Ordinance GM/MMA No. 1,250/2024 has been enacted by the Brazilian Ministry of Environment and Climate Change to regulate the presentation, analysis, approval monitoring, accountability and evaluation of proposal and projects...more
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
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
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
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
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
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
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
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
Climate disclosure regulations are among the most significant and complex challenges faced by companies and boards, with a variety of requirements emanating from numerous governmental authorities and non-governmental...more
Executive Summary-
Climate disclosure regulations are among the most significant and complex challenges faced by companies and boards, with a variety of requirements emanating from numerous governmental authorities and...more