Lula has reinstated the Amazon Fund
Brazil’s carbon markets to grow under Lula
Incoming president faces a series of decisions on legacy legislation that could provide impetus for domestic ETS and offset markets
Both compliance and voluntary offset carbon markets are likely to grow in scope under the new Lula da Silva administration in Brazil, according to industry experts. Some promising actions have already been taken. Following his re-election in November 2022, the new president committed his country to reaching net-zero deforestation by 2030 at the Cop27 climate summit in Sharm el-Sheikh. And Lula has appointed the environment minister from his previous tenure (2003–11), Marina Silva, back to the same role. Silva previously used a number of tools to combat deforestation, including overhauling management of public forests, creating a biodiversity institute and tapping international climate financ
Also in this section
1 April 2026
Emerging industry must work with policymakers to convince a broader pool of investors to buy into its long-term potential
12 March 2026
Role of world’s largest carbon cap-and-trade market under scrutiny as war in Iran threatens to drive EU energy costs to unsustainable levels
10 March 2026
Europe urgently needs to bring more projects to FID, as CCS investors warn they might divert capital to faster-growing regions
9 January 2026
A shift in perspective is needed on the carbon challenge, the success of which will determine the speed and extent of emissions cuts and how industries adapt to the new environment
