Carbon Markets In Latin America

Update on market progress

As our colleague Whitney Debevoise discussed in his article in the first edition of Latin Lawyer's The Guide to Environmental, Social and Corporate Governance, carbon markets in Latin America are poised for take-off. Since the date of that article, significant steps have been taken to develop the carbon markets in Latin America, and particularly in Brazil with the arrival of the new administration of President Luis Inacio Lula da Silva. Given the size of the Brazilian economy and the depth of Brazil's natural resources, such developments bring promise of substantial progress in the Latin American carbon markets. Our article below updates Whitney's previous discussion, including a summary of these new developments in Brazil.