Authorities prepare Rio de Janeiro to become the green capital of Latin America

The Brazilian state of Rio de Janeiro is preparing to become the green capital of Latin America and a reference for the carbon market and sustainable development.

This was reported today by authorities and experts at the opening session of the Latin America Climate Dome 2022.

“We are globally committed to the sustainable development pattern,” said Rio de Janeiro Governor Claudio Castro.

According to the governor, “the proof is that we are one of the first capitals to send next year’s budget to the Legislative Assembly, with guaranteed allocations for the 17 Sustainable Development Goals established by the United Nations, which form a global agenda for the implementation of public policies that will guide humanity until 2030.”

Castro assured that he is working to establish a trading platform in Rio de Janeiro to buy and sell carbon credits and exchange them for sustainable assets, as envisioned in a protocol signed in March.

“We are bringing an environment where development and sustainability are not enemies to Rio de Janeiro. We are working hard on climate action. We are working on Rio’s potential for the world,” he added.

Dirk Forrister, director general of the International Emissions Trading Association (IETA), stressed that governments and the private sector must work together to implement a carbon trading mechanism.

“Countries are not doing this alone. We need to build a new model of cooperation, and we need the private sector to do that,” he said.

Rio de Janeiro Secretary for Planning and Management Nelson Rocha said it is crucial for Latin America to form a discussion group to look at carbon credit pricing.

“Sharing experiences with other countries will help us a lot so that we have a market that still needs to be consolidated because it is very new,” he said.

The formation of this group from the Americas is vital so that we have a global logic, especially a reason for all the Americas,” he said.

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