Brazil passes law to cap emissions and regulate carbon market
Brazil will join the short list of countries, which includes China, Mexico, and Kazakhstan, and most E.U. member states, with a nationwide regulated carbon emissions system. The Brazilian government and the law’s proponents in the industrial sector say a regulated market will encourage companies to adopt low-carbon technologies and innovate toward greener production methods. Fines for not complying will be largely rerouted toward Brazil’s national climate change fund and administrative costs, with 5% of the fines destined to compensate Indigenous communities.







