Brazil outlines three-phase carbon market rollout plan
Brazil's Finance Ministry proposes a phased carbon market starting in 2027. Initial stages focus on reporting emissions without imposing immediate costs.
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Brazil released a preliminary proposal to phase in a regulated carbon market starting in 2027. The Finance Ministry's plan outlines a three-stage rollout for industrial sectors to report greenhouse gas emissions. This establishes the regulatory timeline for covered industries to prepare for carbon pricing compliance.
### Phased Industrial Integration The Extraordinary Carbon Market Secretariat specified that phase one begins in 2027. This initial group includes paper and pulp, iron and steel, cement, primary aluminum, oil and gas exploration, refining, and air transport.
