Today we have highly  that deserves greater prominence on our  portal. Among the topics covered are: the impact of climate change on ; carbon pricing in the ;  in motion in the , ,  and ; EU investments in  in Brazil; events focused on ,  and ; the agreement between ;  maps for REDD; public hearings by  and ; in addition to a  on Net Zero offered by the United Nations University.

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The WEF recently published a report called “Insuring Against Extreme Heat: Navigating Risks in a Warming World” prepared in collaboration with the insurer Allianz.

The document highlights that extreme heat has been the deadliest climate risk, causing 489,000 deaths annually, more than hurricanes, earthquakes and wildfires combined. In addition, it is estimated that, by 2035, the impacts of extreme heat could generate US$2.4 trillion in productivity losses and US$445 billion in fixed asset losses for publicly traded companies.

The report proposes strategies for insurers, policymakers and other stakeholders, including:

– Innovative insurance solutions to mitigate climate risks.

– Financial mechanisms to support adaptation to extreme heat.

– Public-private partnerships to strengthen climate resilience.

Responsible for regulating maritime transport and with the aim of reducing emissions in the sector, the IMO announced on April 11 the approval of a global carbon pricing mechanism.

Starting in 2028, ships that exceed emission limits will have to pay carbon taxes, while vessels with reduced emissions will be able to receive financial incentives. The funds raised will be directed to research, infrastructure and support for the energy transition in developing countries.

After years of negotiations, aiming for net zero emissions by 2050, the proposal was approved by 63 countries, including Brazil, China, India and the European Union, while Saudi Arabia, Russia and the United Arab Emirates voted against.

It is worth remembering that the aviation sector has CORSIA (Carbon Offsetting and Reduction Scheme for International Aviation), a global program of the International Civil Aviation Organization (ICAO) to reduce and offset carbon emissions from international aviation. More than 100 countries have already joined CORSIA since its introduction in 2016.

In a meeting that marked the reception of new members — Saudi Arabia, Egypt, the United Arab Emirates, Ethiopia, Indonesia and Iran — the ministers of the 11 BRICS member countries approved, on April 3, the final declaration of the group’s Environment Working Group.

In addition to COP30, the climate conference that will be held in the Amazonian city of Belém between November 10 and 21, 2025, Brazil is already hosting several meetings as part of its presidency of BRICS 2025.

This document by BRICS, an acronym for Brazil, Russia, India, China and South Africa, which will be presented to the heads of state at the BRICS Summit in July, contains the following reference to carbon markets:

“We welcome the provisions of the Memorandum of Understanding on the BRICS Carbon Markets Partnership to strengthen cooperation in the field of carbon markets and look forward to establishing the BRICS Climate Research Platform to enhance the scientific and expert exchange of views, knowledge and best practices of the Contact Group on Climate Change and Sustainable Development (CGCCSD). We also take note of the proposal, under debate in the CGCCSD, to establish a BRICS Laboratory on Trade, Climate Change and Sustainable Development, to promote collaboration on mutually supportive approaches to trade and environmental policy. Furthermore, we also take note of the proposal for a Leaders’ Framework Declaration, which is intended to lead a global mobilization for enhancing access to timely and affordable finance for climate action, in fair terms, as a critical enabler for just transition pathways, as well as increasing the share of financing for adaptation.”

Click below to download the statement.

Africa has enormous potential to export high-quality carbon credits, leveraging its natural resources, such as tropical forests, peatlands and marine ecosystems, as well as its renewable energy capacity.

According to the report by the United Nations Economic Commission for Africa released on May 9, carbon markets can generate new revenues and support the continent’s resilience and prosperity goals, aligned with Agenda 2063 and the Paris Agreement.

In other words, the continent could generate up to US$82 billion per year in revenues from the carbon credit market, in addition to the potential to capture and store 1.5 gigatonnes of CO₂ annually.

However, challenges such as adequate governance and competitive pricing need to be overcome to avoid perverse incentives that could increase emissions instead of reducing them.

Click below to download the report “Investing in a Just and Sustainable Transition in Africa”. The chapter on Carbon Credit Markets begins on page 57.

During his visit to Brazil, the European Union’s Commissioner for Climate Action, Wopke Hoekstra, stressed that the success of COP30 will depend on ambitious targets and the strengthening of the carbon market.

At the same time, an article from Politico highlights that the European Commission is considering the integration of international carbon credits as part of its strategy to achieve the next climate target. This includes the possibility of EU countries acquiring credits from external projects, such as forest restoration initiatives in Brazil, to offset part of their emissions. The proposal, which envisages a 90% reduction in emissions by 2040, is being debated between the Commissioner, the Member States and European parliamentarians.

Furthermore, during his visit to Brazil, Hoekstra also addressed topics such as carbon pricing and nationally determined contributions (NDCs). To date, just over 20 updated NDCs have been submitted globally — a number that is still very low. The most recent was Zambia’s, submitted in early March this year.

The approval for transition of Clean Development Mechanism (CDM) project activities or programmes of activities must be provided to the Supervisory Body by the CDM host Party by no later than December 31, 2025.

Further, project participants and Coordinating and Managing Entities (CMEs) wishing to transition from the CDM to the Paris Agreement Crediting Mechanism must submit any required additional documentation (or an addendum to the registered design documents) along with a sustainable development assessment. This additional documentation must be submitted within 180 days of the host country approval.

The European Union has invested 155 thousand euros in the Brazilian state of Tocantins, through the AL-INVEST Verde program, to implement CAR 2.0, an advanced tool for automated analysis of rural properties. This system uses geospatial intelligence to verify the environmental compliance of properties with the Forest Code, contributing to greater efficiency and transparency in environmental governance. In addition, CAR 2.0 supports the Selo Verde platform, aligning the state with international sustainability standards and strengthening the traceability of production chains. Read more in an article on the Geocracy Portal.

📍🖥️ April 30. , launched by the Voluntary Carbon Markets Integrity Initiative (VCMI) and the International Chamber of Commerce (ICC). The event will address strategies for companies to reduce Scope 3 emissions, among others, using high-quality carbon credits. Don’t miss it.

📍🇧🇷 May 28. APIMEC Seminar “. BNDES Auditorium, Rio de Janeiro, Brazil. Here more details.

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With the aim of supporting nature-related financial disclosures for use in capital markets, the two entities have signed a Memorandum of Understanding, indicating the commitment of both parties to extend the TNFD recommendations into the ongoing work of the International Sustainability Standards Board (ISSB). More details here.

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CVM has launched a broad survey on sustainability reporting covered by CVM Resolution 193, seeking to engage publicly-held companies, investors and auditors. The initiative aims to facilitate the transition to mandatory IFRS S1 and S2 standards as of 2026. Deadline: April 22, 2025. Details here.

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This is Public Consultation No. 119, aligned with Law No. 15,042/2024, to establish accounting criteria for sustainability assets and liabilities, including carbon credits, CBIOs and emission allowances, reinforcing transparency in the Brazilian Greenhouse Gas Emissions Trading System (SBCE). Deadline: May 31, 2025. Details here.

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E-learning Course by the United Nations University. Free, self-paced course explains the science of climate change and net zero in an accessible way, highlighting practical steps and climate action. Interested? Click here.

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