By Maiva D’Auria
Narration: laura Frederico e Rebeca Rodrigues

Reporter: Brazil will arrive at COP30 with a landmark proposal: the creation of the Open Coalition for the Integration of Carbon Markets. Led by the Ministry of Finance, the initiative seeks to connect the world’s various carbon credit trading systems. Its goal is to generate greater liquidity, predictability, and transparency in the sector. The Coalition is part of the New Brazil Ecological Transformation Plan, an innovative government strategy to promote sustainable development.

Reporter: One of the hallmarks of the Brazilian proposal is voluntary participation—open only to countries that express interest. The coalition will also remain open beyond the formation of its first group, allowing new members to join at any time.

Reporter: According to Cristina Reis, Undersecretary for Sustainable Economic Development at the Ministry of Finance, the main objective of the initiative is to accelerate the decarbonization of national economies and advance the implementation of the Paris Agreement.

Cristina Reis: The main goal of this open coalition is for countries, together, to move forward in decarbonizing their economies and encouraging implementation of the Paris Agreement—so that the planet is less threatened by the global climate crisis and the  adverse effects of greenhouse gas emissions.

Reporter: Reis emphasizes that the proposal extends beyond environmental action.

Cristina Reis: It will foster new technologies and innovative solutions for decarbonization while enabling the exchange of experiences among participating countries. It will also establish new production standards, valuing products with lower carbon content. And as these transformations take place, the initiative will create jobs and help reduce inequalities.

Reporter: The program also aims to promote income redistribution among member countries. Part of the revenue generated through the allocation of decarbonization quotas will be redirected through a process known as revenue recycling.

Cristina Reis: “We hope this will lead to the creation of a regulated global carbon market within the open coalition, worth trillions of dollars, and that it will generate revenue for coalition countries that can be reinvested in technology. This also provides a competitive, technological, productive, and commercial edge for companies in those countries.

Reporter: In December 2024, Brazil established the Brazilian Emissions Trading System (SBCE)—the regulatory framework for the national carbon market. Building on that experience, Brazil now positions itself as a key player in the global integration of carbon markets, reinforcing its role as a bridge between developed and emerging economies.

Translation: Tadeu Azevedo (POET/UFC)

Proofreading: Michel Emmanuel Félix François (POET/UFC)