Feb 12 News about the Carbon Market

On November 4, 2020, the then president of the United States of America, Republican Donald Trump, announced that the country would leave the Paris Agreement, whose main objective is to combat the increase in the average temperature of the planet through the application of several sustainable practices around the world, such as by reducing CO2 emissions by the countries that signed the agreement. In reaction to this measure by the then president of the United States, the voluntary carbon market was agitated, since, with the withdrawal from the Paris Agreement, the United States would also be leaving the carbon market, established in article six of this agreement.

However, at the end of the elections, the candidate elected to be the president of the United States was the Democrat Joe Biden who, as he said in several interviews, would prioritize, among other environmental measures, the return of the United States to the Paris Agreement. Complementing this return, Joe Biden proposed dedicating $1.7 trillion to the United States to achieve zero carbon emissions by 2050. Because of these measures by the current president of the United States, the carbon market has once again become agitated, but this time, the effect was the opposite of what had happened previously.

The return of the United States to the Paris Agreement represents the hope that major world powers can truly invest in high productivity with a sustainable bias, leading their industries and service providers to think about the environmental impact that their actions have on the planet. In addition, this news is also great for the Brazilian economy, since the United States, a major contributor to global air pollution, is a potential client for Brazil in the carbon market, since our country is a huge CO2 sink, given Brazil's extensive forest areas.

In this way, companies like Canopée contribute both to transforming our planet into a more environmentally safe place for future generations and to increasing Brazil's economic potential through its activities in the voluntary carbon market, proving that, especially in Brazil, it is possible to make a preserved forest economically profitable.

Sources:

CAETANO, Rodrigo; DIAS, Maria Clara. Paris Agreement: 5 years of the climate pact that changed the world. Exame invest, December 11, 2020. Available at: Paris Agreement: 5 years of the climate pact that changed the world | Invest | Exame. Accessed on: 01/27/2021.

US abandons Paris Agreement on climate pending election results. Tilt, UOL technology channel, November 4, 2020. Available at: US abandons Paris Agreement on climate pending election results – 11/04/2020 – UOL TILT. Accessed on: 01/26/2021.

The US's return to the Paris Agreement and the WHO are among President Joe Biden's first acts.G1, January 20, 2021. Available at: The US's return to the Paris Agreement and the WHO are among President Joe Biden's first acts | World | G1 (globo.com). Accessed on 01/26/2021.

SANCHES, Mariana. What does it mean for Trump to keep his promise and take the US out of the Paris Agreement? BBC Brasil, November 4, 2019. Available at: What does it mean for Trump to keep his promise and take the US out of the Paris Agreement – ​​BBC News Brasil. Accessed on: 01/26/2021.

SANTELI, Adele. What is the carbon market and how can Brazil benefit from it? National Geographic, February 5, 2020. Available at: What is the carbon market and how can Brazil benefit from it? | National Geographic (nationalgeographicbrasil.com). Accessed on: January 27, 2021.