Brazil intends to present the Open Coalition for Carbon Market Integration project at the 30th UN Climate Change Conference (COP30). The initiative by the country's Ministry of Finance involves harmonising the standards of international carbon emissions trading systems and creating a single, transparent and sustainable market, according to Brasil 247, a partner of TV BRICS.

The coalition is set to become part of the New Brazil government programme, a strategy aimed at combining economic growth, social justice and environmental protection. Participation in the initiative will be voluntary, and the structure will be open to new members at any time.

According to Cristina Reis, Deputy Secretary for Sustainable Economic Development at the Ministry of Finance, the aim of the project is to accelerate global decarbonisation.

"The idea is for countries to work together to reduce emissions, thereby reducing the threat of climate crisis and the negative impact of greenhouse gases on the planet," she said.

Reis emphasised that the initiative's significance goes beyond ecology: it will create conditions for technological exchange, innovation and the development of low-carbon production. According to her, this could stimulate investment and employment, as well as help reduce social inequality.

The project also provides for income redistribution mechanisms aimed at ensuring a fair transition to a low-carbon economy. Part of the proceeds from the sale of quotas will be directed to countries with lower income levels, which will help balance the burden and benefits of climate transformation.

Photo: M.photostock / iStock