Brazil's Finance Ministry has proposed a phased implementation of a regulated carbon market starting in 2027. The plan focuses on monitoring, reporting, and verification across various industrial sectors, beginning with heavy emitters like steel, cement, and oil and gas. The rollout is split into three stages through 2031, covering everything from primary aluminum and pulp to transport and waste. Initial phases focus on emissions reporting without immediate costs, giving companies a four-year window to prepare their monitoring plans and national allocations.
