Brazil approves project that could allocate US$14 billion to RWA tokens

The Chamber of Deputies approved Bill (PL) 1,425/2022, which establishes a regulatory framework for carbon capture and storage (CCS) activities in Brazil. The project, authored by former senator and president of Petrobras, Jean Paul Prates, was reported by deputy Rodrigo Castro in the Chamber. The PL has already passed the Senate and will go to the Environment and Sustainable Development Committee.

This approval paves the way for the regulation and expansion of the carbon credit market in the country and also for the expansion of RWA tokens related to this type of asset, such as Moss' MCO2. Companies such as Rede Globo and Gol have already announced the purchase of RWA carbon credit tokens.

According to a report by CCS Brasil, Brazil has the potential to capture almost 200 million tons of CO2 per year, which represents around 12% of the country's annual carbon emissions. According to the president of the CVM (Securities Commission), João Pedro Nascimento, the tokenization of the economy is seen as fundamental for the future of Brazil