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Order MMA No. 518 creating the Forest + Carbon modality, according with Order No. 288 of 2 July 2020.

Country/Territory
Brazil
Document type
Regulation
Date
2020
Source
FAO, FAOLEX
Subject
Forestry
Keyword
Emissions Enforcement/compliance Forest management/forest conservation Afforestation/reforestation
Geographical area
Amazonia, Americas, Latin America and the Caribbean, North Atlantic, South America, South Atlantic
Entry into force notes
This Order enters into force on the day of its publication.
Abstract

This Order creates the Forest+ Carbon modality, according with Order No. 288 of 2 July 2020. The voluntary market for carbon credits aimed at reducing emissions from deforestation and forest degradation, recognized by CONAREDD+ Resolution No. 03 of 22 July 2020, will not entail any obligation regarding the accounting, adjustment or registration in the national emissions inventory by the Federal Government, thus allowing the voluntary market to establish its own rules and standards, without any responsibility or correlation with the commitments assumed by the Brazilian government.

Full text
Portuguese
Website
www.in.gov.br

References - Legislation

Implements

Order MMA No. 288 creating the National Programme for Environmental Services Payment (Floresta+), under the Ministry of the Environment.

Legislation | Brazil | 2020

Keyword: Environmental planning, Land-use planning, Authorization/permit, Environmental standards, Protection of habitats, Policy/planning, Standards, Protection of environment, Management/conservation, Legal proceedings/administrative proceedings, Forest fires, Climate change

Source: FAO, FAOLEX