Brazil carbon market becomes an industrial competitiveness strategy amid ETS rollout

Brazil is positioning its future emissions trading system (SBCE) as both a climate policy and an industrial competitiveness strategy. Beyond promoting low-carbon steel and aluminium exports, the government is developing a new carbon credit framework centered on Verified Emissions Reduction or Removal Credits (CRVEs), which will become the only credits officially recognized under Brazil’s future regulated carbon market. CRVEs are intended to serve as a national environmental integrity label and support both domestic compliance and international transactions under Article 6 of the Paris Agreement. The government also plans to launch a public consultation on corresponding adjustment export rules in July, emphasizing that low-quality credits should not be eligible for international transfers. These developments signal Brazil’s ambition to become a major supplier of high-integrity carbon credits and decarbonized products.
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