Brazil

“Brazil will strive to achieve its NDC through domest­ic meas­ures to be coordin­ated and imple­men­ted by the fed­er­al gov­ern­ment. The Brazili­an gov­ern­ment does not rule out the use of inter­na­tion­ally trans­ferred mit­ig­a­tion out­comes (ITMOs), as defined in Art­icle 6 of the Par­is Agree­ment, to com­ple­ment nation­al efforts in the achieve­ment of the Brazili­an NDC. Brazil can also con­sider the pos­sib­il­ity of trans­fer­ring inter­na­tion­al mit­ig­a­tion out­comes gen­er­ated with­in its nation­al ter­rit­ory. Any inter­na­tion­al trans­fers of mit­ig­a­tion out­comes obtained with­in the Brazili­an ter­rit­ory will be sub­ject to pri­or and form­al con­sent by the fed­er­al gov­ern­ment, in accord­ance with the terms and con­di­tions, includ­ing legis­la­tion, to be nation­ally developed to that end.”

The Gov­ern­ment of Brazil estim­ates that it is pos­sible to raise the ambi­tion of its nation­al mit­ig­a­tion actions bey­ond the base level of 59 per­cent below 2005 levels by 2035 or 1.05 GtCO2e, as pro­posed in sec­tion 1b, through the inter­na­tion­al trans­fer of mit­ig­a­tion res­ults (ITMOs) gen­er­ated in its ter­rit­ory. This estim­ate is based on the oppor­tun­ity to attract timely and large- scale invest­ments in activ­it­ies and new tech­no­lo­gies with sig­ni­fic­ant abate­ment and oppor­tun­ity costs, while also enabling the coun­try to lever­age and accel­er­ate its tra­ject­ory towards net-zero emis­sions. These are, there­fore, efforts that are the respons­ib­il­ity of Brazil, giv­en its com­mon but dif­fer­en­ti­ated respons­ib­il­it­ies and respect­ive cap­ab­il­it­ies, in light of nation­al cir­cum­stances and the para­met­ers of justice and equity, as detailed in sec­tion 6. Any inter­na­tion­al trans­fers of mit­ig­a­tion res­ults obtained in Brazili­an ter­rit­ory will be sub­ject to the pri­or and form­al author­iz­a­tion by the fed­er­al gov­ern­ment, strictly observing the appro­pri­ate terms and con­di­tions, includ­ing the applic­able reg­u­la­tions or those to be developed nation­ally for this pur­pose, and will also be sub­ject to the cor­res­pond­ing adjust­ments and report­ing in accord­ance with art­icles 6 and 13 of the Par­is Agree­ment and the decisions of the Con­fer­ence of the Parties serving as the Meet­ing of the Parties to the Par­is Agree­ment (CMA) under the UNFC­CC. In these terms and tak­ing into account the urgency of pro­mot­ing long term invest­ments in redu­cing and remov­ing emis­sions, such trans­fers may be author­ized up to the level of 59 per­cent below 2005 levels by 2035 or 1.05 GtCO2e, as indic­ated in sec­tion 1b, fol­lowed by the neces­sary cor­res­pond­ing adjustments.