Brazil's Finance Ministry has proposed a phased implementation of a regulated carbon market starting in 2027. The plan begins with monitoring, reporting, and verification for heavy industries like steel, cement, and oil and gas, before expanding to mining and electricity in 2029, and transport by 2031. Each sector will undergo a four-year preparation period to develop monitoring plans and establish national allocation. The initial phase focuses on emissions reporting without immediate costs or reduction mandates for companies.
