BAKU, Azerbaijan, November 23. Today, an
important step was taken to create carbon markets, said Brazil’s
Minister of Environment and Climate, Marina Silva, during the
closing plenary session of COP29, Trend reports.
“Articles 6.2 and 6.4 are extremely technical and detailed, and
also include aspects of national legislation in many countries.
This was never seen as a bargaining chip: many developing countries
also advocated for the creation of a carbon market. So, it was not
only a question of developed countries – on the contrary, a
significant number of developing countries supported this
initiative. These were nine years of discussions, a really long
process. As the applause at the end of the session showed, when the
project was adopted, it was clear that everyone was committed to
completing this stage. Now we can move forward, creating a carbon
market that will be sustainable and ensure environmental integrity
– which is certainly our top priority,” she said.
She emphasized that now there is an opportunity to directly
focus on creating carbon markets.
“We can now focus on implementation in Brazil. If the initiative
is approved by the president, its implementation will take place in
parallel with the implementation of the international carbon
market, ensuring environmental integrity, as well as the necessary
registers and permits in accordance with international standards,”
the minister concluded.
