💨 Abstract

Brazil's lower house of Congress approved a bill to establish a carbon market, pending President Luiz Inacio Lula da Silva's approval. The bill proposes two types of carbon credits markets: a regulated one with emission caps and a volunteer market. Companies would buy credits to offset greenhouse gas emissions. Brazil, with part of the Amazon rainforest, aims to reduce climate change by absorbing carbon dioxide.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖