GOVERNORS’ CLIMATE AND FOREST TASKFORCE | 2010

1. WW GENERAL UPDATES FROM THE FEDERAL LEVEL IN BRAZIL (2009-2010) Ernesto Roessing GCF Country Coordinator eroessing@gmail.com GOVERNORS’ CLIMATE AND FOREST TASKFORCE | 2010

2. Key developments • A) Preliminary Report of the Second Brazilian National Greenhouse Gas Inventory • Release November 30th, 2009 • CO2e: from 1357770 Gg in 1990 to 2196908 Gg in 2005 • LULUCF: 55% in 1990 / 57.7% in 2005 • CO2: from 931746 Gg in 1990 to 1574562 Gg in 2005 • LULUFC: +/- stable participation (around 76%) • Figures may be misleading, given the recent reduction in deforestation GOVERNORS’ CLIMATE AND FOREST TASKFORCE | 2010

3. Key developments GOVERNORS’ CLIMATE AND FOREST TASKFORCE | 2010

4. Key developments • B) Brazilian Law on Climate Change and Creation of the National Climate Change Fund • Federal Law # 12187/2009 • National Policy on Climate Change (PNMC) • 13 mostly programmatic provisions • National Climate Change Fund • Federal Law # 12114/2009 (among other things, funds from levies imposed on oil producers / financial support for climate change mitigation and adaptation projects) • Brazilian Emissions Reductions Market (MBRE) • Voluntary target = 36.1% - 38.9% reduction (against a BAU scenario) until 2020 • Decree will establish the sectoral plans and targets GOVERNORS’ CLIMATE AND FOREST TASKFORCE | 2010

5. Key developments • C) Brazilian submission to the UNFCCC under the terms of the Copenhagen Accord (January 2010) • Brazil reaffirmed its commitment to reduce emissions from 36.1%-38.9% (against a BAU baseline) until 2020 • Energy efficiency • Renewable and alternative energy • Agricultural, industrial, forestry and land sectors • Target based on a voluntary domestic action • Cut deforestation emissions by 564 million metric tons of CO2e until 2020. GOVERNORS’ CLIMATE AND FOREST TASKFORCE | 2010

6. Key developments • D) Proposed legislations on REDD and Payment for Environmental Services • Proposed Legislation #792/2007 • Creation of a National Policy on Payment for Environmental Services • Water resources • Biodiversity • Conservation of Protected Areas • Reforestation and recovery of degraded areas • Conservation of urban forests • Soil carbon sequestration and storage • DRAWBACKS • Does not identify a source of funding for such payments GOVERNORS’ CLIMATE AND FOREST TASKFORCE | 2010

7. Key developments • D) Proposed legislations on REDD and Payment for Environmental Services • Proposed Legislation #5586/2009 • National framework for REDD projects in Brazil • Creation of the Certified Reduction of Emissions from Deforestation and Degradation (RCEDD) • Similar to Kyoto Protocol CERs • Discussion regarding its legal nature (security or intangible asset traded through contract) • CRITICISM • Proposal is too focused in the establishment of a CDM-like regime for REDD in Brazil • Need of a greater approach to encompass combination of public and market finances as well as of subnational and national nested approaches. GOVERNORS’ CLIMATE AND FOREST TASKFORCE | 2010

8. Thank you!Obrigado!Terima kasih!www.gcftaskforce.org GOVERNORS’ CLIMATE AND FOREST TASKFORCE | 2010