Market Overview

The Brazil carbon credits market was valued at USD 2.7 Billion in 2025 and is forecast to reach USD 25.2 Billion by 2034, growing at a CAGR of 28.10% during 2026-2034. The market expansion is driven by increasing demand for sustainable solutions and Brazil's rich biodiversity. Additionally, regulatory actions such as a national carbon pricing system are bolstering growth. For deeper details, visit the Brazil Carbon Credits Market. 

Study Assumption Years

• Base Year: 2025
• Historical Year/Period: 2020-2025
• Forecast Year/Period: 2026-2034

Brazil Carbon Credits Market Key Takeaways

• Current Market Size: USD 2.7 Billion in 2025
• CAGR: 28.10% during 2026-2034
• Forecast Period: 2026-2034
• Brazil is developing a national carbon pricing mechanism aimed at enhancing market transparency and rewarding emission reductions.
• REDD+ programs and conservation initiatives focus on protecting forests like the Amazon, contributing significantly to carbon sequestration.
• Brazil's government proposed a global fund, "Tropical Forests Forever," to mobilize USD 250 Billion for forest protection.
• Regulatory clarity improved with the enactment of Law 15,042/2024 establishing the SBCE carbon market for major emitters.
• The market encompasses both compliance and voluntary carbon credit types, reflecting diverse participation.

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Market Growth Factors

Regulation is critical in the Brazil carbon credits market as the government is working to develop a broad regulatory framework to meet international climate obligations. Another development is the introduction of a national carbon pricing system that rewards emission reductions across the economy, which, by improving market transparency and reliability, has increased participation by voluntary market actors and market participants with compliance obligations. It will have been established before COP30 as part of the country's commitment to a 53% emissions reduction target set out in its emissions reduction schedule.

Forests conservation projects are another type of service on the market. Brazil's REDD+ schemes are focused on reductions in deforestation and degradation. Nature based solutions on Amazon forests and ecosystems provide economic incentives for their conservation for carbon uptake. It advertises investment in forests protection and adds Brazil into the ranks of international climate politics. The fund "Tropical Forests Forever" at COP28 conference is an effort to mobilize USD 250 Billion and highlights the fundamental role of Brazilian forest.

Corporate engagement and market development followed, helped by regulatory certainty under Law 15,042/2024 that established the SBCE carbon market. This targeted firms emitting over 10,000 tCO2 per year. Other signs that Brazil's carbon credits market is being recognized abroad are the law regulating Brazil's emissions reduction and carbon credit trade, the agreements to trade nature-based carbon removal credits with international companies, and investments from multinationals (including Google and Amazon).

Market Segmentation

Type Insights:

• Compliance: Includes carbon credits issued under mandatory regulatory frameworks to meet legal obligations.
• Voluntary: Comprises carbon credits traded voluntarily by organizations and individuals aiming for sustainability targets beyond regulation.

Project Type Insights:

• Avoidance/Reduction Projects: Projects designed to prevent or reduce greenhouse gas emissions.
• Removal/Sequestration Projects:
• Nature-based: Initiatives focusing on natural methods like reforestation and forest conservation to sequester carbon.
• Technology-based: Projects employing technological solutions to capture and store carbon emissions.

End-Use Industry Insights:

• Power: Applications in electricity generation sectors.
• Energy: Includes broader energy production and management industries.
• Aviation: Carbon credit usage in the airline sector.
• Transportation: Encompasses all non-aviation transport sectors.
• Buildings: Carbon offset projects related to building construction and operations.
• Industrial: Manufacturing and heavy industry sectors.
• Others: Other miscellaneous end-use industries.

Regional Insights

The report segments the market across Brazil’s key regions: Southeast, South, Northeast, North, and Central-West. The dominant region is not explicitly specified by market share or CAGR in the source. However, the Southeast region is typically the primary economic hub in Brazil and likely commands a significant role in the carbon credits market.

Recent Developments & News

In May 2025, AgriCapture launched its first rice carbon project in Rio Grande do Sul, partnering with NatCap to introduce methane-reducing irrigation, enabling local farmers to access international carbon markets. In December 2024, Brazil enacted Law 15,042/2024 establishing the SBCE carbon market targeting firms emitting over 10,000 tCO2/year, mandating emissions reporting and carbon credit trading. In September 2024, Google purchased 50,000 metric tons of nature-based carbon removal credits from Brazilian startup Mombak. Also, Amazon and five other companies committed $180 million to purchase carbon offset credits via the LEAF Coalition to protect the Amazon rainforest in Para state.

Key Players

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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