Episode 9: Brazil ETS Deep-Dive with José Pedro Neves

In this episode of ICAP’s Carbon Market Conversations, host Trevor Laroche-Theune takes listeners on a deep-dive into carbon pricing developments in Brazil with expert guest, José Pedro Neves, General Coordinator for Sustainable Finance at the Secretariat for Economic Policy of Brazil’s Ministry of Finance. This conversation focuses on the ongoing development of Brazil’s ETS, how the system will be tailored to the country context, lessons other jurisdictions can learn from Brazil’s experience, and what we can expect heading into COP30. A more detailed breakdown of the topics explored and where you can listen to them is listed below.Breakdown of topics covered:0:55 - Introduction to today’s topic and our guests2:40 - Overview of Brazil’s ETS development process and the factors that were influential in the Brazilian government moving forward with the system5:00 - How Brazil’s system is significant in advancing climate policy goals in the country7:40 - System design elements and challenges that remain before full implementation9:40 – Adapting the ETS to Brazil’s country context12:30 - Expected economic and social impacts including in the Amazon region and others with high LULUCF emissions16:10 - Lessons other countries can learn from Brazil’s experience19:20 - Expectations for the role carbon pricing will play at COP3022:50 - Key challenge that must be properly addressed in the coming years in the world of carbon pricing and what steps can be taken toward their resolution25:20 - Closing remarks