How can emissions be reduced in a measurable, comparable, and globally aligned way?
The carbon market is the result of decades of institutional development and regulatory evolution. From recognizing the climate problem to creating emissions trading systems, each step has been essential in shaping today’s landscape.
With regulation advancing in Brazil and the creation of the SBCE, we are entering a new phase.
Explore this trajectory and what it means for the future of the carbon market in the country.
1. Companies are increasingly investing in sustainable actions and solutions. But how can we ensure that emissions reductions are measurable and comparable?
The carbon market emerges as a response to this need.
2. Climate governance gained global attention at Eco-92 in Rio de Janeiro, with the opening for signature of the United Nations Framework Convention on Climate Change (UNFCCC), finalized in 1994.
3. The Kyoto Protocol, signed in 1997, was the first major international agreement with binding greenhouse gas reduction targets for developed countries. It also introduced a key innovation:
👉 Using market mechanisms to reduce the cost of achieving these targets.
4. In 2005, the European Union Emissions Trading System (EU ETS) began operating—one of the world’s leading regulated carbon markets. This consolidated the emissions trading model that underpins today’s regulated markets.
5. The Paris Agreement (2015) established a global pact among nearly 200 countries to keep the rise in average global temperature well below 2°C, aiming to limit it to 1.5°C. From that point onward, all countries share climate responsibility.
6. With Law 15,042/2024, Brazil established the Brazilian Emissions Trading System (SBCE) and defined its Nationally Determined Contributions (NDCs). In 2025, the RCGI-USP Carbon Registry was launched—the only Brazilian carbon credit registry backed by researchers from one of the world’s leading public universities.
Want to understand how your organization can operate in the carbon market with confidence and consistency?
Get in touch with our team.
Ruy Rêde – Executive Director, RCGI–USP Carbon Registry
Cecilio Perez – Executive Director, RCGI–USP Carbon Registry
Odair Vinicius Carrel – Executive Director, RCGI–USP Carbon Registry
