[SMM Steel] Brazil Proposes Phased Expansion of Regulated Carbon Market Coverage

Published: May 21, 2026 16:20

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[SMM Steel] Brazil’s Finance Ministry proposed a phased roadmap to expand the country’s regulated carbon market, beginning with emissions reporting requirements from 2027. The first phase will cover sectors including iron and steel, cement, paper and pulp, aluminum, oil and gas, refining, and aviation. Additional industries such as mining, electricity, chemicals, and transport will be gradually included between 2029 and 2031. Authorities said each sector will receive a four-year preparation period without immediate carbon costs or emission reduction obligations. A public consultation is scheduled for July, with final rules expected later this year.

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