Brazil can break the carbon market deadlock

Brazil is well positioned to move forward negotiations around international carbon market regulations in the face of disagreements between the EU and the US at COP28

COP28 ended in Dubai last week after a last-minute push to strengthen language around fossil fuels to reach net zero carbon emissions by 2050. Many attendees at the climate conference, in particular those from emerging markets, argued that a new financial infrastructure is needed to support the shift from fossil fuels to renewable energies and that change is already underway.