The Brazilian Policy on Climate Change: Regulatory and Governance Aspects
Abstract:Through the Copenhagen Accord and the Conference of the Parties (COP 16) in Cancun, Brazil has confirmed its national voluntary reduction targets for greenhouse gas (GHG) emissions, with reductions between 36.1 per cent and 38.9 per cent of projected emissions by 2020. These targets were defined in the National Climate Change Policy (PNMC, in Portuguese) approved by the National Congress (Law No. 12.187, dated 29 December 2009). These national targets focus on controlling deforestation, which represents a comparative advantage for Brazil. Reducing deforestation is certainly less restrictive to economic growth than mitigation actions related to energy consumption and industrial activities that other emerging economies would have to adopt. (…)