BRASILIA, Nov 27 (Reuters) - Brazil will publish rules to regulate its carbon market by December next year, a senior Finance Ministry official said on Thursday.

Cristina Reis, appointed to head the ministry's new special carbon market secretariat, told a press conference the government will also decide by then how a permanent governing body will operate. She said it could become a regulatory agency, but the structure is under discussion.

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Reis said she expects the carbon market to be fully operational by 2030 or 2031.

She added the government will soon launch a public consultation on a provision in the carbon market law, passed by Congress last year, requiring insurers to allocate 0.5% of technical reserves to buy carbon credits. The measure is before Brazil's Supreme Court.

Reis said the ministry sees the rule as hard to implement given strong demand and limited supply of credits. "This will need to be phased in," she said.

https://www.reuters.com/sustainability/climate-energy/brazil-issue-carbon-market-rules-by-end-2026-finance-official-says-2025-11-27/