As the country keeps being in the news in respect to its potentially important role in long term sustainability, two of its most senior representatives, Finance Minister Fernando Haddad and Special Secretary for the environment, Ana Toni, expressed stronger commitments to preserving the environment.
While the Minister indicated that the changes on the regulatory and tax policies will be approved by Congress during a short period of time, using as an example the proposal regulating the carbon market, referred by him as the Government "first landmark measure", which is designed to follow the steps of the EU Emissions Trading System, Secretary Toni indicated that it is the intention of the Brazilian Government to impose limits for carbon emission to the agricultural sector, due to its sizeable significance in the total emissions of the country.
Sec. Toni acknowledged that the biggest challenge to implement this measure is to get accurate measurement of the emissions, a challenge primarily still unresolved. Contributions to the discussion will definitely be welcomed.
Thank you Edvaldo, great news indeed!
It's encouraging to hear about this. This emphasis on carbon market regulations is a promising step towards aligning Brazil with interntiaonl sustainablity efforts. Focus on imposing carbon emission limits ont he agricultural sector brings in new questions, challenges and hopes. Measuremet of emissions ia significant challenge, not only for Brasil, but for many other markets that we sometimes call "developed". There is this question about methane and many others.
Even though the question of measuring emissions is also a challenge for other sectors, there's been a range of technologies developed for these sectors to help with tackle this issue and not necessarily for agriculture. Furthermore, it looks that agricultre has a complicated set of objectives that it has to consider alongside climate change/emission reduction goals such as biodiversity, food security, livelihood of farmers.
Many talk about efficient farming, regenerative farming as the first step to reducing emissions there.
These positive developments in Brazil - what do they mean for the investors and players in agriculture in that part of the world?
I encourage members to contribute to this discussion with ideas, news, or insights!
Along similar lines, another interesting article outlining the broader changes being seen / target in the country... Carbon Market Law for Grown Ups by Caroline Prolo
Interesting reading, similar challenges as the ones brought by Aya!
Thank you, David, highly appreciated.
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