Rural producers can have an extra source of income by obtaining financial advantages with environmental preservation.
President Jair Bolsonaro issued a decree that regulates the Green Rural Product Certificate (CPR), which aims to financially encourage farmers to carry out environmental preservation actions in the area in which they develop their activities.
According to a press release issued by the Presidency of the Republic, CPR Verde is related to activities for the conservation and recovery of native forests and their biomes and opens up an alternative market for companies interested in offsetting their greenhouse gas emissions.
"The measure brings financial advantages to rural producers who carry out environmental preservation actions in the area in which they develop their activities and now have an extra source of income," the statement said.
In 2020, the president had already sanctioned Law No. 13,986/2020 to change several provisions of the Law that instituted the Rural Product Certificate, which enabled the issuance of CPR in activities related to the conservation of native forests and their respective biomes.
"The new Decree, therefore, proposes to regulate the so-called Green CPR, which will provide for voluntary offsetting of greenhouse gas emissions by interested economic agents...", the note said,
According to the Presidency, the measure expands efforts to reduce deforestation and greenhouse gas emissions.
"The Decree lists the products that can serve as backing for the issuance of Green CPRs and, thus, provides the necessary legal certainty for the development of financial instruments that encourage the conservation or regeneration of native vegetation, adequately remunerating the rural producer who contributed to the achieve this goal."
An estimate by the Ministry of Economy based on a market study points to a potential market of 30 billion reais in four years, taking into account the certification of carbon credits for Brazilian forests.