Brazil wins National Policy on Payment for Environmental Services with tax incentives and mechanisms of governance and transparency

03 June 2021

The National Congress overturned, on June 01, 2021, the Partial Veto 5/2021 to the Law No. 14,119/2021, establishing the National Policy, the National Registry, and the Federal Program of Payment for Environmental Services (PES). This step forward is also added to the overthrow of other vetoes in March of this year and, therefore, the country has ensured an attractive, participative, and transparent PES policy.  

The Brazilian Coalition on Climate, Forests and Agriculture, movement formed by more than 300 representatives of agribusiness, civil society, the financial sector and the academy, congratulates the parliamentary leaders who promoted the broad process of dialogue, collective effort and negotiation that resulted in this important accomplishment. The National Congress showed that PES is a priority to Brazil and was steadfast in maintaining the political principles and rescue fundamental aspects that threatened the effectiveness of the norm due to presidential vetoes. 

Thus, the country is now preparing to develop the regulation of this policy, in order to guarantee its implementation, adequate to the practices already existing in Brazil and consistent with the principles that rules the subject. The Brazilian Coalition, once again, will be available to the government to help develop these regulations and attract investments for this agenda. 

 

About the Brazilian Coalition
The Brazilian Coalition on Climate, Forests and Agriculture is a multi-sector movement formed with the objective of proposing actions and influencing public policies that lead to the development of a low-carbon economy, with the creation of quality jobs and the fostering of innovation, Brazil’s global competitiveness and generation and distribution of wealth to the entire society. More than 300 companies, business associations, research institutes and civil society organizations have already joined the Brazilian Coalition - coalizaobr.com.br/en