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Brazil Climate Change

Mayer Brown

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

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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

Mayer Brown

Public Hearing Opened on National Circular Economy Plan

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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

Latham & Watkins LLP

Brazil Publishes Draft Sustainable Taxonomy Framework for Public Consultation

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The taxonomy would inform certain mandatory requirements in the jurisdiction, with particular relevance to Brazil’s capital markets and financial sector....more

Mayer Brown

Brazil’s Recycling Incentive Law: Ministry of Environment and Climate Change Publishes Related Ordinance

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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

Mayer Brown

Public Consultation on the Brazilian Sustainable Taxonomy

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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

Mayer Brown

Brazilian Emissions Trading System Approved by the National Congress

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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

Cadwalader, Wickersham & Taft LLP

Cadwalader Climate - September 2024 #3

In this week’s edition, we discuss the Swiss Government’s rejection of a landmark ruling that the country had violated the human rights of a group of its citizens by failing to take adequate action on climate change; a report...more

Cadwalader, Wickersham & Taft LLP

Cadwalader Climate - August 2024 #2

In this week’s edition, we look at a Brazilian enforcement action relating to illegal deforestation in the Amazon. We also discuss ESMA’s opinion on the functioning of the Sustainable Finance Framework, as well as proposed...more

Mayer Brown

Low-Carbon Hydrogen Legal Framework in Brazil: Law No. 14,948/2024 Sanctioned and Published

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On Friday, August 2, 2024, Law No. 14.948/2024 was sanctioned and published, establishing the legal framework for low-carbon hydrogen in Brazil. This legislation, dedicated exclusively to the regulation of one of the main...more

Mayer Brown

Interinstitutional Committee for the Brazilian Sustainable Taxonomy Publishes First Regulations

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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

Mayer Brown

ANP Publishes Individual Renovabio Emissions Targets for 2024 and 2023 Results

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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

Mayer Brown

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

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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

Wilson Sonsini Goodrich & Rosati

Sustainability and ESG Advisory Practice Update, November 2023

We are pleased to share the November 2023 issue of Wilson Sonsini's Sustainability and ESG Advisory Practice Update. Each issue combines news, key legal developments, and resources related to sustainability and environmental,...more

Cadwalader, Wickersham & Taft LLP

Amazonian Nations Sign Joint Declaration but Fail to Agree Joint Target to End Illegal Deforestation

On August 9, 2023, the Brazilian city of Belém hosted a summit of the Amazonian Cooperation Treaty Organization (ACTO) with the participation of Bolivia, Brazil, Colombia, Ecuador, Guyana, Peru, Suriname and Venezuela. The...more

Cadwalader, Wickersham & Taft LLP

Brazil Launches Preparations for COP30 and Announces Eight Environmental Protection Decrees

On June 5, 2023, Brazil’s President, Luiz Inácio “Lula” da Silva, and the Minister of the Environment, Marina Silva, announced a package of eight presidential decrees designed to increase Brazil's leadership in mitigating...more

Cadwalader, Wickersham & Taft LLP

ClientEarth Litigation in U.S. Over Deforestation in Brazil

Environmental group ClientEarth has filed a complaint against Cargill, one of the world’s largest soy and grain traders, over alleged deforestation and related human rights issues in Brazil. The complaint, which is not yet...more

Cadwalader, Wickersham & Taft LLP

Brazilian Congress Approves Legislation Aiming to Stimulate Carbon Credit Markets

On May 2, 2023, the Brazilian Senate approved legislation that amends rules relating to public forest concession contracts and, significantly, now allows the use and commercialization of carbon credits. The amendment, which...more

Cadwalader, Wickersham & Taft LLP

Biden Administration Pledges $500 Million to the Amazon Fund

On April 20, during a meeting of the Major Economies Forum on Energy and Climate (MEF), President Biden pledged $500 million to the Amazon Fund, Brazil’s signature fund set up to raise donations for investments to prevent,...more

Cadwalader, Wickersham & Taft LLP

Brazil Appoints Luiz Alberto Figueiredo as Ambassador for Climate Change

On February 17, the Brazilian Ministry of Foreign Affairs appointed Luiz Alberto Figueiredo as the Brazilian Ambassador for Climate Change. Figueiredo is an experienced diplomat who previously served as Brazil’s permanent...more

Beveridge & Diamond PC

Brazil Updates: Biden and Lula Advance Environmental and Climate Agendas, Brazil Makes Progress on Other Chemical Regulatory...

The Brazilian government continues to fulfill its early commitment to combat the climate crisis, end deforestation, promote sustainable development, and enable energy transition, maintaining the trend reported in our two news...more

Cadwalader, Wickersham & Taft LLP

Brazil Carries Out First Anti-Deforestation Raids

Recently, agents from Brazil’s environmental protection agency, the Institute of Environment and Renewable Natural Resources (Ibama), carried out the first significant environmental enforcement activity under the new...more

Beveridge & Diamond PC

Brazil Continues to Implement Social, Environmental, and Climate Change Regulatory Reforms

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In line with our November 2022 news alert, Brazil’s new administration has had a very busy January pursuing its social, environmental, and climate agendas. In his first week in office, President Luiz Inácio Lula da Silva...more

Cadwalader, Wickersham & Taft LLP

South America’s Anticipated Offshore Wind Boom

Foreign energy companies are taking initial steps to develop a large number of offshore wind farms along the coasts of Brazil and Colombia. As governments seek to reduce their carbon emissions to meet climate goals and...more

Cadwalader, Wickersham & Taft LLP

New Brazilian Administration Signals Environmental Policy Despite Public Unrest

Luiz Inácio Lula da Silva assumed office on January 1 after being elected to a third term in a contentious and closely fought race. On his first day in office, Lula signed a package of executive orders, including seven that...more

Beveridge & Diamond PC

What’s Next for Brazil’s Environmental and Climate Agenda Under President Lula?

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On Sunday, October 30, 2022, Brazil’s Superior Electoral Court pronounced Luiz Inácio Lula da Silva (“Lula”) the winner of Brazil’s 2022 presidential election. Lula succeeds current President Jair Bolsonaro and will assume...more

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