On June 06th, 2017, it was published Federal Decree no. 9.073/2017, that enacts the Paris Agreement within the United Nations Framework Convention on Climate Change (UNFCCC) signed in New York on 22 April 2016.
The agreement, negotiated in Paris on 12 December 2015, aim to hold the increase in the global average temperature, through greenhouse gas emissions mitigation. In the deal, each country determines, plans and regularly reports its own “nationally determined contribution” (NDC), considering its socio-economic context and peculiarities.
Brazilian NDC contribution aims to reduce, until 2025, by 37% of greenhouse gas emissions, compared to 2005’s levels. By 2030, it aims to decrease by up to 43%. In order to do so, Brazil commits to increase by 18% the participation of bioenergy in its energy matrix, with a participation of approximately 45% of renewable sources in the Brazilian energy grid by 2030. Also, it commits to reforest 12 million hectares forest areas.
Sion Advogados counts with a highly qualified team mining and environmental law and remains at disposal for any further clarifications.