8,087.24 TL BIST 100 BIST 100
28.93 $ USD USD
€31.38 EUR EUR
38.49 TL Interest Interest
78.05 $ Fossil Oil Fossil Oil
24.51 $ Silver Silver
3.83 $ Copper Copper
129.79 $ Iron Ore Iron Ore
385.00 $ Ship Dismantling Ship Dismantling
1,889.62 TL Gold (gr) Gold (gr)

Brazil reaffirms stricter greenhouse gas emission reduction targets

Brazil is reaffirming its stricter GHG emissions reduction targets under the Paris climate agreement, revoking its 2020 contribution and aiming for a net emissions reduction of 1.2bn t CO2e by 2030.

Brazil reaffirms stricter greenhouse gas emission reduction targets

Brazil is reinstating stricter greenhouse gas (GHG) emissions reduction targets announced in 2015 under the Paris climate agreement. The country's newly formed climate change committee (CIM) issued a decree revoking changes to Brazil's 2020 nationally determined contribution (NDC), made during the government of former president Jair Bolsonaro.

The previous NDC raised emissions levels of the 2005 base year to 2.8bn t CO2e t of CO2e from 2.1bn t CO2e, following a methodological change to the emissions inventory. With higher base-year emissions, Brazil's 2030 target net emissions increased to 1.8bn t CO2e from 1.2bn t CO2e.

The commissions' decision means Brazil will once again have a target of net emissions of 1.2bn t CO2e for 2030, a 43pc reduction from 2005 levels. The climate change committee, which includes representatives from 18 government ministries, has launched five decrees as Brazil works to bolster its image ahead of the Cop 28 meeting at the end of the year.


No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Iron and steel prices on an upward trend

Tuesday, December 5, 2023

"You Have the Say - Steel Conversations" discussed the challenges of the Turkish steel industry

Tuesday, December 5, 2023

Price disparity raises questions in the Middle East's steel market

Tuesday, December 5, 2023

US HRC imports fell in October

Tuesday, December 5, 2023

US crude steel production rises on a weekly basis

Tuesday, December 5, 2023
Follow List
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.

There are no news categories you follow
Edit Notification Preferences

Global Iron and Steel Exchanges

Iron and Steel Indices, Price and News

E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now