The Brazilian carbon market is getting a $1m investment from Japan in a partnership with a Brazilian Research and Project Financing group-FINEP, according to exchange-handbook.com.
The investment will finance “a series of studies about the structuring and implementation of the carbon market”.

“According to estimates of the World Bank, Brazil has a potential to conquer approximately 10% of the world’s carbon market, which should reach USD1.3 billion in 2007.

FINEP has established, since December 2006, a program that sponsors projects linked to the Clean Development Mechanism (CDM) - Programa de Apoio a Projetos do Mecanismo de Desenvolvimento Limpo (Pró-MDL). The aim of this initiative is to finance approximately BRL80 million in projects that help reduce the emissions of greenhouse gases by 2009 and, consequently, decrease global warming.”

Technorati Tags: Brazil, carbon market, Japan, FINEP, carbon, Clean Development Mechanism, CDM

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