Supporting Brazil and the World towards net zero
Developing the Brazilian voluntary carbon market
with high integrity
About us
Our initiative has 5 workstreams focused on different parts of the carbon credits value chain
The Brazilian Initiative for the Voluntary Carbon Market is the result of a combination of companies and institutions from several sectors in Brazil – Amaggi, B3, Bayer, Dow, Equinor, Itaú, Natura, Rabobank, Systemica and Vale – with the goal of structuring key actions to develop the voluntary carbon market in Brazil and contribute to the global high-integrity carbon market. McKinsey & Company is the knowledge partner for the initiative
The initiative works on several fronts to position the country as the leader of a high-integrity global carbon market. Project objectives include broadening the offering through improved certification/verification processes, develop the financial instruments required to align demand and supply, define requirements for a high integrity market (technical, environmental and social), explore the main tax implications, design an independent governance body to coordinate the market and design the engagement strategy with the key stakeholders.
Supply
Enable supply through better certification / verification processes and support the regulatory discussions
Demand
Streamline the due diligence process and address key
tax implications
Wholesale
Improve financing for voluntary carbon market projects by designing financing mechanisms with risk mitigators, and provide more fungibility and liquidity to the market by proposing standard contracts that reflect the Brazilian context
Governance
Design of an independent governance body to coordinate the market, ensuring the integrity of the organization and impartial decision-making by its members
Stakeholder Engagement
Outline the engagement strategy with key stakeholders to define communication and to assure the correct media visibility of the Initiative
Who we are
Sponsors
Initiative sponsors and content contributors
Part of the Initiative that provides expertise, fact base and analysis
Knowledge Partner
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VCM
numbers
Estimated environmental and socioeconomic impacts in Brazil
1.2—1.9
GtCO2eq/year
Potential to generate carbon credits in Brazil considering USD 25-35/tCO2eq, most of it in reforestation and forest conservation
16-26 bi
USD/year
Gross Value Added impact with a carbon price of 25-35 USD/tCO2e, considering reforestation activities in degraded pasture areas, REDD+ and agroforestry
550 - 880k
Jobs/year
Net positive impact in jobs, of which ~60% are located where the project takes place (e.g., seedling growth, forest management, etc.)
Media
Mailing list
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