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Brazil SBCE tracker

Brazil's emissions trading system (SBCE) was created by Law 15,042 of December 2024 and is being regulated step by step by the Ministry of Finance. This page summarises our Portuguese tracker: the key acts checked against the primary source and the timeline to 2031.

The full tracker, in Portuguese, lists 26 acts and milestones of Brazil’s emissions trading system (SBCE); 23 of them are checked against the primary source. Open the full SBCE tracker (PT)

Timeline 2024-2031

  • 11 Dec 2024Law 15,042 creating the SBCE is signed; in force on publication, 12 Dec 2024. Basis: Law 15,042/2024, art. 58. Source, checked 12 Oct 2026.
  • Phase I: to 12 Dec 2025, or 12 Dec 2026 if extendedRegulation of the law: 12 months, extendable by 12 more (our calculation from the date in force). We found no formal extension act. Basis: Law 15,042/2024, art. 50, I. Source, checked 12 Oct 2026.
  • September 2026SEMC's calendar scheduled the final sector coverage ordinance and the CAREG ordinance. Not found in the Official Gazette by 12 Oct 2026. Basis: SEMC calendar updated 28 Jul 2026. Source, checked 12 Oct 2026.
  • December 2026SEMC target: publish the secondary rules, the MRV and offset programmes, and propose the permanent managing body. Basis: SEMC calendar, 28 Jul 2026. Source, checked 12 Oct 2026.
  • 2027 (proposal)Stage 1: monitoring plan in year one for primary aluminium and alumina, integrated iron and steel, cement, oil and gas E&P, refining, pulp and paper and domestic aviation; verified reports from year three. Basis: Draft ordinance in Public Consultation 1/2026, arts. 2 and 3(I); a proposal, not law. Source, checked 12 Oct 2026.
  • By 2029 (proposal)Stage 2: secondary aluminium, semi-integrated steel, chemicals, mining, food and beverages, waste, sewage, ceramics, glass and power. Basis: Draft ordinance, art. 3(II); a proposal. Source, checked 12 Oct 2026.
  • By 2031 (proposal)Stage 3: waterway, rail and road transport. Basis: Draft ordinance, art. 3(III); a proposal. Source, checked 12 Oct 2026.
  • Phases II to V (no year in the law)Phase II: one year for operators to set up reporting. Phase III: two years of monitoring plans and reports only. Phase IV: first National Allocation Plan with free allowances. Phase V: full operation. SEMC projects Phase II in 2027, Phase III in 2028-2029 and Phase IV from 2030. Basis: Law 15,042/2024, art. 50; years from SEMC's presentation of 24 Mar 2026. Source, checked 12 Oct 2026.
  • ThresholdsAbove 10,000 tCO2e a year: monitoring plan and emissions report. Above 25,000 tCO2e a year: periodic reconciliation of obligations as well. The managing body may raise both thresholds. Basis: Law 15,042/2024, art. 30(I), (II) and 搂1. Source, checked 12 Oct 2026.

Key acts checked against the primary source

ActDateStatusWhat it isSourceChecked
Law 15,042 of 11 December 202411 Dec 2024PublishedCreates the SBCE: governance, the CBE allowance and CRVE credit, the 10,000 and 25,000 tCO2e thresholds and five implementation phases.primary source12 Oct 2026
Decree 12,677 of 15 October 202515 Oct 2025PublishedCreates the Extraordinary Secretariat for the Carbon Market (SEMC) at the Ministry of Finance as the temporary SBCE managing body.primary source12 Oct 2026
Decree 12,768 of 5 December 20255 Dec 2025PublishedRegulates the SBCE's permanent technical advisory committee (CTCP) and provides for a regulatory affairs chamber (CAREG).primary source12 Oct 2026
CTCP Resolution 1 of 11 May 202611 May 2026PublishedApproves the internal rules of the SBCE technical advisory committee.primary source12 Oct 2026
CTCP Resolution 3 of 11 May 202611 May 2026PublishedCreates the committee's working group on monitoring, reporting and verification (MRV).primary source12 Oct 2026
Consultation on the draft ITMO resolution7 Jul 2026Consultation closedDraft rules for international transfers of mitigation outcomes; consultation ran 7 July to 6 August 2026.primary source12 Oct 2026
Public Consultation 1/2026 (draft MRV phasing ordinance)28 Jul 2026Consultation closedDraft ordinance phasing monitoring and reporting duties by sector in three stages (2027, by 2029, by 2031); consultation ran 28 July to 28 August 2026.primary source12 Oct 2026
Final sector coverage ordinanceSep 2026OverdueSEMC's own calendar scheduled publication for September 2026; not found in the Official Gazette by 12 October 2026.primary source12 Oct 2026
Ordinance creating the CAREG chamberSep 2026OverdueScheduled by SEMC for September 2026; not found in the Official Gazette by 12 October 2026.primary source12 Oct 2026
Secondary rules under Law 15,042 (SEMC target)Dec 2026ExpectedSEMC's target is to publish the secondary rules by December 2026.primary source12 Oct 2026

Rule: an act is shown in detail only with a link to the primary source (Brazil’s Official Gazette, Planalto or gov.br) and the date it was checked; otherwise it is listed as under verification. This is a factual tracker, not legal advice. See our Editorial Policy and Corrections log.

Updated 12 Oct 2026. Weekly updates.

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