June 24, 2020 |
Brazil could create a global trading hub for carbon credits in the country, eyeing a market where only 20% of carbon emissions worldwide are subject to some form of pricing, Central Bank President Roberto Campos Neto said on Tuesday.
"Brazil could be a carbon negotiating hub. Brazil could have a carbon-trading center. This is a project that we looked at [and] shows how important we think carbon pricing is," Campos Neto said during an online event hosted by the Climate Bonds Initiative (CBI).
Central Bank is looking at a project to make the country a trading center, Roberto Campos Neto says