Presidente Lula sanciona lei que cria mercado regulado de carbono no Brasil

Brazil has enacted Law No. 15.042, establishing the Brazilian Greenhouse Gas Emissions Trading System (SBCE). The law creates a regulated carbon market with emission limits and introduces Brazilian Emission Quotas (CBE) and Verified Emission Reduction or Removal Certificates (CRVE). The system will be fully implemented by 2030, with penalties for non-compliance ranging from 3-4% of gross revenue for companies and R$50,000 to R$20 million for individuals.