Brazil: Payment For Environmental Services And REDD+ Main Concepts, Instruments And Opportunities, According To Brazil's Federal And State Legislators.

Following the COP-28 held in Dubai, where our partner Luiz Gustavo Bezerra was present and participated in various discussions related to the transition to a low-carbon economy and the role of economic instruments and carbon markets, among several other topics, the implementation of initiatives that financially value the adoption of environmentally desirable practices by individuals and institutions is appropriate and urgent, in addition to command and control mechanisms that are limited to penalizing environmentally undesirable practices.

Payment for Environmental Services (PES) and the Reduction of Emissions from Deforestation and Forest Degradation (REDD+) are economic instruments that aim to compensate actions committed to the protection, recovery, or improvement of the environment, and play an important role in combating climate change.

To explain these topics, their main concepts, instruments and opportunities, in accordance with Brazilian federal and state legislation, our Environmental and Climate Change Practice prepared an e-book.

Downloads –

• E-Book English 
• E-Book Portuguese 

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Founded in 2001, Tauil & Chequer Advogados is a full service law firm with approximately 90 lawyers and offices in Rio de Janeiro, São Paulo and Vitória. T&C represents local and international businesses on their domestic and cross-border activities and offers clients the full range of legal services including: corporate and M&A; debt and equity capital markets; banking and finance; employment and benefits; environmental; intellectual property; litigation and dispute resolution; restructuring, bankruptcy and insolvency; tax; and real estate. The firm has a particularly strong and longstanding presence in the energy, oil and gas and infrastructure industries as well as with pension and investment funds. In December 2009, T&C entered into an agreement to operate in association with Mayer Brown LLP and become "Tauil & Chequer Advogados in association with Mayer Brown LLP."

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This article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.