Brazil's Superintendence of Private Insurance (SUSEP) participated in a Fundação Getúlio Vargas seminar on the insurance market in the context of Brazil’s new Carbon and Climate Change Law, with Superintendent Alessandro Octaviani discussing how Law No. 15,042/2024 and the Brazilian Emissions Trading System (SBCE) could support the expansion of the carbon market, including through insurance-sector investments envisaged in the law. In remarks delivered in the event’s opening and in a panel on carbon credits and opportunities for the insurance sector, Octaviani linked insurance to the ecological transition through the sector’s longstanding use of climate-related data, risk-prevention technologies and data storage. He described the SBCE as requiring the Brazilian state to organise the new carbon market in a rational way and identified SUSEP’s core regulatory challenge as building a robust stakeholder-listening process to interpret and operationalise the law, emphasising that effective regulation will depend on broad consensus and dialogue across market participants.
2025-02-08Brazilian Superintendence of Private Insurance (SUSEP)
Brazil's Superintendence of Private Insurance discusses regulatory challenges and insurance investment opportunities under Brazil’s new emissions trading system
Brazil's Superintendence of Private Insurance (SUSEP) participated in a seminar on the insurance market's role in Brazil's new Carbon and Climate Change Law. Superintendent Alessandro Octaviani highlighted the potential for insurance-sector investments to expand the carbon market under Law No. 15,042/2024 and the Brazilian Emissions Trading System (SBCE). He emphasized the need for a robust stakeholder-listening process to effectively regulate and operationalize the law.