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Brazil: Federal government launches Green Growth National Program

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In brief

A few days away from COP26, the federal government on 25 October 2021 launched the Green Growth National Program (PNCV). The program was coordinated by the Ministry of the Environment and the Ministry of the Economy, and seeks to align economic growth with sustainable development toward a green and low-carbon economy. The program must be regulated until 30 September 2022.

More details

PNCV aims to link economic growth to sustainable development; improve management of natural capital to incentivize productivity, innovation and competitiveness; generate green jobs; promote conservation of forests and protect biodiversity; reduce greenhouse gas emissions, aiming to transition to a low-carbon economy; boost green finance; and boost green research and development.

The program defines ‘green economy’ as “the economy that results in the improvement of people’s life condition in a way that guarantees a sustainable economic development”. Meanwhile, it defines ‘green jobs’ as “those created from activities that were developed by the green economy” and green growth as “the result of the joint application of strategies aimed to a sustainable economic development that generates social well-being.”

PNCV has four main aspects of action: (i) economic incentive, (ii) institutional change, (iii) criteria for prioritization of green projects and (iv) research and development.

The program will be coordinated by the Interministerial Committee of Climate Change and Green Growth (CIMV), which is permanent and responsible for establishing guidelines and coordinating actions and public policies related to climate change.

Moreover, the CIMV is composed of the head of the Civil House of the Presidency (who will preside), the head of the Presidency’s Secretariat, and representatives of the ministries of the Economy, Foreign Affairs, Infrastructure, Agriculture, Mines and Energy, Science and Innovation, Environment, Local Development and Work, and Social Security. They will be responsible for defining the role of the Brazilian government at the United Nations Framework Convention on Climate Change (UNFCCC), which will hold its 26th staging this year in Glasgow, Scotland, starting on 31 October.

As announced by the ministries of Environment and Economy, the federal government now has credit lines that, together, reach BRL 400 billion and is geared toward projects related to forest conservation, sanitation, waste management, renewable energy, low-emission agriculture, etc. Furthermore, the government maintains that these resources will “boost economy, generating jobs and contributing to the consolidation of Brazil as the biggest green economy in the world.”

Our Environmental and Sustainability team is available for any clarifications regarding the Green Growth National Program.

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Trench Rossi Watanabe and Baker McKenzie have executed a strategic cooperation agreement for consulting on foreign law.

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Renata Campetti Amaral joined the firm in 2002 and became a partner in 2013. She is the head of the firm’s Climate Change, Environmental Law and Sustainability group in Brazil, and the leader of Ablfs McKfnzif’s global climate change group in Latin America. Is also the coordinator of the sustainability initiatives conducted by the office’s B-Green Committee. Renata assists the major players in the Brazilian market in Nature-bases Solution (NbS) projects, transaction of carbon credits, implementation of decarbonization strategies and carbon-related advocacy and regulatory matters. Renata leads several of the largest environmental and regularization cases in the country. She has extensive experience in sustainability matters, as well as in managing crises and negotiating with stakeholders. Advises on negotiating with authorities; judicial and administrative litigation; reviewing environmental aspects of institutions and financial operations; drafting environmental provisions in contracts and other commercial operations. Renata has extensive experience in dealing with environmental management, legal auditing and other organizational practices; regulatory and institutional analysis and environmental control; negotiation and implementation of environmental remediation plans; environmental licensing; legal aspects of biodiversity protection; environmental crisis management; development of preventive policies and strategies for companies; negotiation and drafting of contracts for the purchase and sale of carbon credits and acting in transactions related to various aspects of the energy transition.
*Trench Rossi Watanabe and Baker McKenzie have executed a strategic cooperation agreement for consulting on foreign law.

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Giovani Bruno Tomasoni joined the Firm in 2008 and became partner of the Environment, Consumer and Sustainability practice group in 2020. He practices with focus on Environment, Public Law, Energy, Forestry, and helps clients in the internalization of concepts such as sustainability, ESG, circular economy, environmental compliance, among others.
*Trench Rossi Watanabe and Baker McKenzie have executed a strategic cooperation agreement for consulting on foreign law.

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Alexandre Salomão Jabra joined the firm in 2010. He integrates the environmental, consumer and sustainability practice group, with focus on consultancies, administrative procedures lawsuits and negotiations. In the environmental area, Alexandre has a wide breadth of experience in cases involving contamination, environmental and urbanistic licensing procedures, environmental liability, management of solid wastes and take-back requirements, effluents, electromagnet pollution, air emissions, forestry matters, protected areas and minorities, biodiversity, controlled chemicals products, socio and environmental liability of financial institutions, climate change, carbon markets and urbanistic regularization. In the consumer area, Alexandre has experience with consultations, administrative and judicial procedures related to Consumer Law issues with federal, state and municipal agencies, such as DPDC, PROCONs, Public Prosecutors and Municipalities involving recall, offers, data protection, misleading and abusive advertising, privacy, e-commerce, abusive clauses, commercial practices, terms and conditions and violations to the Brazilian Consumer Defense Code. Alexandre represents several clients in the oil&gas, automotive, chemicals, technology, food, communications, mining, finance and services sectors.
*Trench Rossi Watanabe and Baker McKenzie have executed a strategic cooperation agreement for consulting on foreign law.

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