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Will Lula sanction the carbon credits market legislation by the end of 2024?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcement from the Brazilian government or press release from the President's office
Story
Brazil's Congress Approves Carbon Credits Market Rules with 356 Votes, Awaiting Lula's Sanction
Nov 20, 2024, 12:19 PM
Brazil's Congress has approved legislation establishing rules for the local carbon credits market with 356 votes in favor. The project, which passed through both the Chamber of Deputies and the Senate, is now awaiting the sanction of President Luiz Inácio Lula da Silva. The carbon market will be implemented gradually over the next six years.
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Yes • 50%
No • 50%
No impact • 25%
Minor delays • 25%
Major legislative changes • 25%
Other impacts • 25%
