Climate Finance Takes Center at COP 30

At COP 30 in Belém, climate finance emerged as the defining theme of the global summit. For Paula Chaccur, partner and head of the environmental practice at CGM Advogados, this edition marks a turning point in sustainability discussions, moving from rhetoric to concrete financial engineering. The event, held for the first time in the Amazon, highlights Brazil’s potential role in shaping the future of climate regulation.

Chaccur emphasized that Brazil is on the verge of implementing the Brazilian Emissions Trading System (SBCE), currently in the regulatory phase. The framework is expected to define sectors, methodologies, and the managing authority in the coming months. According to her, this could position Brazil as a leader in carbon markets and innovative climate solutions.

Despite optimism, the lawyer warned that progress depends on solid foundations. Brazil’s clean energy matrix, biofuel potential, and leadership in nature-based solutions are valuable assets. However, without clear regulatory frameworks, legal certainty, and innovative financial instruments, these advantages risk remaining only in speeches rather than becoming practical solutions.

From Belém, Chaccur underscored the importance of private sector engagement in the climate transition. She highlighted the role of companies in adopting ESG practices, managing climate risks, and investing in green finance. For her, COP 30 could mark the beginning of a more pragmatic and results-driven sustainability agenda, with Brazil at the forefront of global climate action.

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En la COP 30 celebrada en Belém, el financiamiento climático se convirtió en el eje central de los debates globales. La abogada Paula Chaccur, socia de CGM Advogados, destacó que Brasil tiene condiciones únicas para liderar la transición climática, especialmente con la próxima regulación del Sistema Brasileño de Comercio de Emisiones. Sin embargo, advirtió que sin marcos regulatorios claros y seguridad jurídica, el país corre el riesgo de quedarse en el discurso y no avanzar hacia soluciones concretas.

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Na COP 30, realizada em Belém, o financiamento climático ganhou protagonismo nas discussões internacionais. A advogada Paula Chaccur, sócia da CGM Advogados, afirmou que o Brasil pode assumir papel de liderança com a regulamentação do Sistema Brasileiro de Comércio de Emissões, mas alertou que sem segurança jurídica e instrumentos financeiros inovadores, o país continuará apenas na retórica, sem transformar seu potencial em resultados práticos.