Brazil Creates Temporary Finance Ministry Secretariat to Run Carbon Market

Overview

• A presidential decree published in the federal gazette establishes the Secretaria Extraordinária do Mercado de Carbono and takes effect on November 6, 2025.
• The new office will act as the interim managing authority of the national emissions trading system until a permanent entity is in place.
• Its structure comprises two branches: the Subsecretaria de Regulação e Metodologias and the Subsecretaria de Implementação.
• The mandate includes preparing studies and projections, conducting public consultations, coordinating climate policy across governments, regulating conformity assessment and accreditation, and disseminating information.
• O Globo reports that Cristina Reis is expected to lead the office, though the decree does not confirm the appointment.