Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 107

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 107
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 emissions that can be emitted by each entity and allows entities to trade licenses equivalent to one ton of GHG in the market.
 There is an increasing global trend towards the adoption of carbon pricing instruments. According to the International Carbon Action Partnership (ICAP) Emissions Trading Worldwide Status Report, 28 carbon markets were in operation in 2023, covering 17% of greenhouse gas emissions. By 2024, the number of operating carbon markets had increased to 36, with coverage extending to 18% of GHG emissions.
 

Annual Report and Form 20-F 2024 |
The Current State of Carbon Pricing in Brazil
 There have been significant advances in the discussion related to the carbon market based on cap-and-trade concept in Brazil. Draft Bill No. 182/2024, which regulates the carbon market in Brazil through the introduction of the Brazilian Greenhouse Gas Emissions Trading System (the “SBCE”), was approved by the National Congress in November and, later, was signed by the President as Law No. 15,042/2024 in December.
 The law provides that the SBCE will be implemented in phases. The first phase establishes that the regulation of the national carbon market is scheduled to be issued within a period of 12 months, which can be extended for another 12 months.
 This law is an important step forward for Brazil to achieve the commitments made in the Paris Agreement. Also, this law is a relevant tool for Brazil to remain competitive in global markets, especially with the entry into force in 2023 of the carbon customs tax in the European Union, called the Carbon Border Adjustment Mechanism (CBAM).
 

Annual Report and Form 20-F 2024 |
<{self.tag} alt="{self.alt}" src="{self.src}">Strategic Plan 2050 and Business Plan 2025-2029
 
To reinforce our long-term vision, we have separated our plan this year into two parts: the Strategic Plan 2050, which aims to reflect on the future of the planet and how the company wants to be recognized in 2050; and the Business Plan 2025-29, with short and medium-term goals, which aim to build the company’s path to the future based on its strategic positions.
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The Business Plan 2025-29 is also a product of the strategic planning process, unfolded from the SP 2050, and its main focus is to present the expected results through the selection