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ARTICLE · 01 FEBRUARY 2018

Conversion Of Environmental Fines In Environmental Protected Units

Veirano e Advogados Associados
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On the 22 of January, 2018, the Chico Mendes Institute for the Conservation of Biodiversity (ICMBio) published Normative Instruction No. 2/2018, regulating the procedures for the conversion...

BrazilEnvironment
Ana Grizzi
Ana Grizzi
Daniela SimõEs Diniz
Daniela SimõEs Diniz

On the 22 of January, 2018, the Chico Mendes Institute for the Conservation of Biodiversity (ICMBio) published Normative Instruction No. 2/2018, regulating the procedures for the conversion of environmental fines into preservation, improvement and recuperation services of the environment in environmental protected units. Normative Instruction No.2/2018 sets forth two proceedings to convert an environmental fine:

  • Direct Conversion: the company presents its own environmental project according to ICMBio s directives, which will be analyzed. Should the project be accepted, a discount of 35% is applied on the fine.
  • Indirect Conversion: the company adheres to a project pre-selected by ICMBio and a discount of 60% is applied on the fine.

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