The National Bank for Economic and Social Development (BNDES) launched today (30), in Rio de Janeiro, the second public notice for the Call for the Acquisition of Carbon Credits in the Voluntary Market. The total amount is BRL 100 million to support projects to decarbonize the economy.
According to the state bank, the objective is to subsidize the development of a market for the commercialization of carbon bonds and encourage quality standards for the conduction of projects. “Carbon credits represent the non-emission of greenhouse gases in the atmosphere, contributing to the preservation of the environment”, announced the BNDES.
The call will include projects focused on reforestation, reduction of emissions from deforestation and forest degradation, energy (biomass and methane) and sustainable agriculture. The selection will evaluate the proponent, the project and the price, which can be up to R$ 25 million. The result is expected to be announced in early November. The notice is available at BNDES website.
Pilot project
The first BNDES carbon credit notice was published in May, with contributions of up to R$ 10 million. The pilot operation selected five conservation and energy projects, developed by Biofílica, Solví, Sustainable Carbon, Carbonext and Tembici. The limit for each project was up to R$ 2 million.
The bank also informed that the voluntary carbon market needs to grow more than 15 times by 2030, to meet the goals of the Paris Agreement. The global agreement, signed in 2016, presupposes a balance between the emission and removal of greenhouse gases from the atmosphere by the year 2050. “In this context, trading carbon credits is a way for companies and countries to achieve their decarbonization”, emphasized the BNDES.
