Banco do Brasil announces first contracts for carbon credit projects

On September 29, Banco do Brasil announced that it had signed the first three contracts for carbon origination projects, in addition to the first business to trade carbon credits in Brazil, thus starting to operate throughout the entire cycle. of that market.

the commercialization of the credits will be in the South Region. The Bank of the State of Rio Grande do Sul (Banrisul) signed an intention to partner in the area of sustainability for the acquisition of carbon credits to offset its direct emissions of greenhouse gases, which, at first, must be done by the BB's carbon credit purchase intermediation platform.

For compensation, it is foreseen the use of a project developed in Rio Grande do Sul itself, through the intermediation of BB in the contracting of energy from a hydroelectric plant located on the border between the State and Santa Catarina.

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