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Brazil: Federal Decree sets up national system for reduction of greenhouse gas emissions and sectoral plans for climate change mitigation

In brief On 19 May 2022, Federal Decree No. 11,075/2022 (“Decree”) was published, establishing the National System for Reduction of Greenhouse Gas Emissions (SINARE) and the procedure for developing the Sectoral Plans for Climate Change Mitigation. The Decree states important definitions, which are as follows: (i) Carbon credit: a financial, environmental and transferable asset representing the […]