Brief on Climate Policies. Brazil
The ICLRC issued a new climate policy brief (in Russian) dedicated to Brazil.
Brazil is a country with an ambitious climate policy. The electricity generation in Brazil is one-of-a-kind in the world, with renewable energy sources accounting for almost 90% of all electricity produced in the country. The peculiarities of the country's greenhouse gas emission structure shape the priorities of the national climate policy, aimed primarily at decarbonizing the forestry and agricultural sectors.
The country is an active participant in the international climate agenda: it joined the Global Methane Pledge in 2021, signed the 2023 Agreement to triple renewable energy capacity and double global energy efficiency by 2030, and introduced the Tropical Forests Forever Fund to finance tropical forest conservation.
Brazil plans to launch a national ETS, which will be based on a cap-and-trade approach. The draft statute to establish it is being considered by the Federal Senate. In addition to trading carbon offsets in the voluntary market, the country is trading decarbonization credits (CBIO) to stimulate the development of the biofuels industry and improve its efficiency. Since 2021, the Brazil has operated an environmental payment program that uses carbon credits for projects to reduce greenhouse gas emissions from deforestation and forest degradation as one of the payment methods.
The "Climate Brief" has been assembled from open data and is not exhaustive. Should you have any suggestions regadring useful additions and/or changes to it, we will be happy to receive additional sources by e-mail info@iclrc.ru (tagged as "Climate Brief").
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Mr. Sitnikov has specialized in supporting climate projects, consulting on carbon markets, carbon trading and ESG since 2004. Sergey was actively involved in the work on the Russian federal and regional carbon regulations. In 2022 he participated in the work of the Article 6.4 Supervisory Body (COP27, Sharm El-Sheikh). Mr. Sitnikov advised, among other things, major Russian and international companies on the implementation of climate projects in Russia and abroad, as well as the regulator on various issues of climate regulation. Since 2014 Sergey Sitnikov has been annually recognized by independent international and Russian legal ratings as a leading lawyer in the "Environmental Law" field. Since 2008 till 2019 Mr. Sitnikov acted as a Visiting Professor at Moscow State Institute of International Relationship (MGIMO), International Institute of Energy Policy and Diplomacy, with his course of lectures related to various energy and carbon regulation issues. Sergey Sitnikov is the author and co-author of a number of scientific researches and books, including: - The Oxford Handbook of International Climate Change Law. Oxford, Oxford University Press, 2016; - Civil Law Regulation of Oil Transportation by Pipelines: Acute Issues, YusticInform, Moscow, 2012; - Climate Change Liability. Transnational Law and Practice, Cambridge University Press, UK, 2012; - Energy Law in Russia and Germany. Comparative Law Research, Yurist publishing group, Moscow, 2011; - Trading In Air: Mitigating Climate Change Through the Carbon Markets, Infotropic Media, Moscow, 2010 and of numerous practice-oriented articles on carbon regulation and ESG, including: - “Implementation of climate projects in the field of waste management”, TBO. Waste Management Scientific Journal, April, 2023; - “Road map of the ESG-strategy. How to start a company transformation”, Corporate Lawyer Journal, February, 2023; - “Carbon regulation in Russia: origins and peculiarities.”, The Eurasian Scientific Journal, 14(6): 44ECVN622. Available at: https://esj.today/PDF/44ECVN622.pdf; - “Carbon Border Adjustment Mechanism”, Industry Ecology Journal, November, 2021; - “20 Steps on the Way to ESG-Transformation”, Industry Ecology Journal, December, 2021; - “Emission trading scheme as an alternative to the modern system of normatives”, Industry Ecology Journal, August 2016; - “New Procedure for Joint Implementation Projects in Russia”, Thomson Reuters Russia/Eurasia Executive Guide, December 2011; - “Money Out of Thin Air”, RBCC Bulletin, Issue 2, March 2010; - “Russia's new JI rules could break logjam”, “Point Carbon”, November 2009; - “Who Owes Whom? Legal Schemes of JI Projects' Implementation in Russia: Analysis and Recommendations”, Mirovaya Energetika No.1, 2008; - “Investors Get the Green Light”, Mirovaya Energetika, No.8, 2007; - “The potential for generating and selling Voluntary Emission Reductions in associated oil gas projects”, Oil, Gas & Law, No.6, 2007; - “Keys to the Carbon Transactions”, Delovoi Ekologicheski Journal, No.2, 2007; - “Agreement for Transportation of Oil by Pipeline: Theories and Practice of Drafting and Usage”, Oil, Gas & Law, No.4, 2007; - “Pledge of Oil, Transported through System of Pipelines”, Pravo I Ekonomika, #3, 2007; - “Pledge of Oil Transported by Pipelines,” The Oil, Gas and Law Journal, 2005, No.1; - “Civil Law Aspects of the Transportation of Oil Using Pipelines,” The Oil, Gas and Law Journal, 2004, No.4.
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Professional interests: Education Professional experience Since 2022 till 2023 she was a chief specialist in Tinkoff Capital LLC. Since 2019 till 2021 she worked in the Securities Service Department in PJSC Rosbank. Inga coordinates the analysis and preparation of projects in the direction of green economy, climate regulation, and implementation of ESG principles. She participates in various Center's events.