Carbon market requires ‘robust’ system

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A ‘robust’ Measurement, Reporting and Verification (MRV) system that can provide data in an integral and reliable way. The expectation was expressed by the general coordinator of Science at the Ministry of Science, Technology and Innovation (MCTI), Márcio Rojas, when participating last Thursday (23), public hearing, at the Economic Development Commission, on the carbon market, whose regulation already has a bill being processed in Congress National.

As responsible for preparing the National Inventory of greenhouse gases (GHG), MCTI, in Rojas' assessment, seeks to guarantee the integrity of information on emissions, which will form the basis of a carbon market regulated. “Our work is to help ensure that this information is accurate, reliable, complete, transparent and consistent. This has been our effort”, stated the department coordinator.

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In this sense, Rojas highlighted the 'effort' undertaken by the ministry, aimed at building the SIRENE Organizacionais platform - through which employees are received organizations' inventories – a pioneering tool at the federal level, public and free, to be presented during the next COP28 (United Nations Conference on the weather).

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Developed collaboratively, the platform took into account experiences developed in Brazil on reporting emissions from organizations and the participation of institutions that are part of the working group on inventories of organizations within the scope of the Low Carbon Industry Technical Committee (CTIBC).

Module of the National Emissions Registration System (SIRENE), established by decree in 2017, SIRENE Organizational brings together Brazil's official information on greenhouse gas emissions and removals (GEE). In addition to dealing with organizational inventories, the SIRENE decree also aims to increase the transparency and consistency for voluntary reporting of greenhouse gas emissions from companies.

For Márcio Rojas, the synthesis report of the Intergovernmental Panel on Climate Change (IPCC) attests to the urgent need to emissions reductions by 2030 and achieving emissions neutrality by 2050 to keep global warming below 1.5 degrees centigrade.

By highlighting the role of the carbon market in reducing emissions, Rojas understands that this goal will be important for Brazil and also for the global contribution. “We understand that the carbon market is one of the possible instruments for reducing emissions and must be conducted carefully, aligned with sustainable development and with the commitment not to compromise the competitiveness of the national productive sector and always looking for the best opportunities to reduce greenhouse gases”, he concluded.

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