A highly regarded economist will launch Brazil’s carbon market while pushing at the global climate talks in November for creating an international coalition of nations with carbon prices.
Brazil has appointed Cristina Reis, the country’s deputy secretary for sustainable economic development, to lead the creation of Brazil’s carbon market. It’s a key step for South America’s largest nation in becoming a global leader on climate change, academic experts said. Reis will oversee a team of at least 20 people that will draft rules for the planned cap-and-trade system.
Reis also is a major proponent of Brazil’s effort to create a coalition of nations that would charge domestic manufacturers for carbon emissions and tax some imports from countries not in the coalition.
“Cristina is also a super effective diplomat, knowledgeable economist, and tremendous leader, so having her lead these twin initiatives makes them more likely to succeed,” said Catherine Wolfram, a Massachusetts Institute of Technology energy and economics professor, in an email.
