Rio de Janeiro has taken a groundbreaking step in the fight against climate change by introducing tax incentives for companies purchasing carbon credits. This move, considered the largest city-level fiscal incentive to carbon markets globally, aims to accelerate carbon emissions reductions in the city. The law allows for tax rebates of up to BRL 60 million annually but is temporary, set to expire in 2030. Rio de Janeiro's ambitious plan seeks to cut carbon emissions by 5% by 2024 and an impressive 20% by 2030 compared to 2017 levels. This initiative aligns with the global trend of voluntary carbon markets (#VCM), where governments are increasingly implementing regulations to support carbon crediting projects. While broader Brazilian VCM legislation remains uncertain, Rio de Janeiro's proactive approach sets a noteworthy example for other regions. #ClimateActionNow #CarbonIncentives #RioDeJaneiroCarbonMarket #SustainableCities #VoluntaryCarbonMarkets
Plannet Zero
Environmental Services
Greenwich, England 1,863 followers
We empower organisations on their net zero journey, by understanding, calculating and reducing their emissions.
About us
We empower organisations on their net zero journey. By understanding, calculating and reducing their emissions.
- Website
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https://plannetzero.org/
External link for Plannet Zero
- Industry
- Environmental Services
- Company size
- 11-50 employees
- Headquarters
- Greenwich, England
- Type
- Privately Held
Locations
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Primary
Get directions
279-283 Greenwich High Road
Greenwich, England SE10 8NB, GB