Taxation of carbon credits and environmental

Dołączył: 10 Mar 2024 Posty: 1

Services Fernando Facury Scaff October EnvironmentalLawsTax For those who have no idea what the carbon credit market is, I will try to summarize it in a few words, trying to be educational. Exactly for this reason, I will not detail aspects relating to the Kyoto Protocol and the Paris Agreement, in particular its article 6, which provides for two types of carbon market: between countries and between private parties. I'm going straight to the carbon market between private parties. SpaccaSome activities impact the atmospheric environment, through the production of carbon dioxide (which generates the greenhouse effect — increased heat on the planet); other activities reduce the impact of this pollution, through the production of carbon.

This has been the case since the world began. It turns out that polluting activities have been intensifying and ecological concerns are becoming more accentuated. Hence the idea of creating a carbon market, whereby polluting activities must offset their emissions through the use or purchase of carbon credits from Belgium Phone Number Data those who produce them. If there is a law that requires this compensation to be carried out, we will have a regulated market ; otherwise, there will be a voluntary (or free ) market, through which companies seek to compensate their carbon emissions by virtue of a moral norm or equivalent (non-legal), as occurs in Brazil today – this is where the ESG (Environmental, Social and Governance) — which I translate in Brazilian terms as Ecology, Socioenvironment and Governance —, of voluntary obedience by companies.

Schematically, some situations may occur: (1) there are activities that generate atmospheric pollution; (2) there are other activities that combat air pollution; and (3) there are those mixed situations , in which the same company carries out activities that are polluting and others that reduce the polluting impact. Example: an agribusiness company pollutes the atmosphere (situation 1); however, it has a legal reserve area , keeping a portion of native vegetation intact, which certainly reduces this pollution (situation 2); thus, at the same time , it develops polluting and conservation activities (situation. In the latter case, if the ecological balance demonstrates.

Wysłany: Nie Mar 10, 2024 11:27