Brazil Eyes China as Carbon Credit Buyer

Brazil plans to discuss carbon credit sales with China during a high-level visit next week. Officials hope to secure a bilateral accord by the COP31 summit.

A drone view shows deforested areas at the Ituxi ranch near Kaxarari Indigenous land, in Porto Velho, Rondonia State, Brazil August 12, 2024. REUTERS/Adriano Machado

Brazil plans to use a high-level visit to China next week to assess whether Beijing could buy carbon credits and advance a bilateral accord by the COP31 summit. The discussions aim to test potential demand for internationally transferred mitigation outcomes under the Paris Agreement. Brazil seeks to establish high-integrity credits as China expands its emissions trading system.

IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.