Database / Brazil / 2024

Brazilian Emissions Trading System (SBCE) — Law No. 15,042/2024

Market Active Verified

Law No. 15,042/2024 establishes the Brazilian Emissions Trading System (SBCE) as a regulated environment for limiting greenhouse-gas emissions and trading assets representing emissions, verified reductions or verified removals. The law expressly includes direct air capture and storage among possible removal technologies and establishes phased implementation, registry, reporting, verification and compliance architecture. It does not authorise geological CO2 storage projects; the CCS operating and authorisation framework remains governed separately by Law No. 14,993/2024 and ANP regulation.

National Governance Context

Brazil Overview

Aggregate National Maturity Index (Peak Strength)

Governed Policies

Identified Projects

Operational Cap 14.2 Mtpa

Under Construction Cap 0.0 Mtpa

Planned Cap 0.4 Mtpa

Related Policy Network

Peer Frameworks

2024 Regulatory

Brazil ANP Resolution on CCS Authorization (Law 14.993)

2024 Regulatory

Brazil 'Fuels of the Future' Act (Law No. 14,993/2024)

2022 Regulatory

Brazil Bill PL 1425/2022 on CO2 Storage

Directly Linked Assets

ExxonMobil Petrobras CCUS hub MoU (ES) (phase 2/extension of Santos basin EOR?)

Storage — 0 Mtpa

5,000 TA CO2 (Salvador de Bahia)

Capture — 0.005 Mtpa

FS Lucas do Rio Verde ethanol biorefinery complex

Full chain — 0.423 Mtpa

Petrobras Santos Basin pre-salt oilfield CCS (ES)

Full chain — 14.2 Mtpa

Stryde CO2 storage assessment Brazil

Storage — 0 Mtpa

Policy Classification

FSRTM 5.0

Economic

The law creates tradable compliance and verified reduction or removal assets, but economic incentives depend on phased implementation and later allocation and methodology rules.

Statutory

Law No. 15,042/2024 establishes the SBCE, its governance, regulated entities, assets, compliance duties and implementation phases.

Market

The SBCE is a regulated cap-and-trade environment for allowances and verified reduction or removal assets.

Strategic

The law creates the national architecture intended to translate Brazilian climate commitments into regulated carbon-market obligations.

Technical

Operators are subject to monitoring plans, emissions and removals reporting, verification, registry and compliance procedures developed through the statutory implementation phases.

Strategic Impact Analysis

Economic Impact

Creates a regulated market for emission allowances and verified reduction or removal certificates, while implementation remains phased and depends on secondary regulation and allocation plans.

Technical Impact

Requires monitoring, reporting, verification, a central registry and approved methodologies; direct-air-capture-and-storage technologies are recognised within the statutory removal definition.

Environmental Impact

Establishes a national compliance framework for emissions and removals, with safeguards against reversal and double counting built into the statutory architecture.

Technical Metadata

Lead Institution Presidency of the Republic of Brazil / Ministry of Finance

Release Date 2024-12-11

Policy Tags

ETS carbon pricing MRV carbon removals

Legal Weight Primary Legislation

Original Document

Last Intelligence Audit 2026-07-21