BM&FBOVESPA Holds Voluntary Carbon Credit Market Auction

The Brazilian Securities, Commodities and Futures Exchange – BM&FBOVESPA announces that the minimum requirements for the voluntary carbon credit market auction, which will be held on 04/08, have been met. A total amount of 180,000 voluntary carbon units from projects managed by the Social Carbon Company will be auctioned.

The auction will be held in three lots of equal quantity, each one referring to a determined verification period. The initial bidding prices will be indicated by lots that vary in accordance to the vintages and are priced at BRL 10.00 to BRL 12.00 per unit. The auction will begin at 1:00 p.m. (Brazil Time) and will be carried out by BM&FBOVESPA’s Carbon Credit Trading System.

Renewable biomass projects

The emission reductions were generated from 9 renewable biomass projects administered by the Social Carbon Company in ceramic factories. These plants are located in the Brazilian states of São Paulo (Panorama, Paulicéia), Pará (São Miguel do Guamá), Pernambuco (Lajedo, Paudalho), Sergipe (Itabaiana), Minas Gerais (Ituiutaba), and Rio de Janeiro (Itaboraí). The projects involve fuel switching to renewable biomass fuels like sugarcane bagasse, açai seeds, and rice husks, among others. The carbon credits have been validated by certified entities authorized by the United Nations Framework Convention on Climate Change (UNFCCC).

Access the auction’s tender offer at
http://www.bmfbovespa.com.br/pt-br/download/LeilaoCarbono.pdf