OREANDA-NEWS. May 22, 2012. BM&FBOVESPA and Santander Brasil have signed a partnership agreement to stimulate the carbon credit market in Brazil. This aims at studying the creation of products such as derivatives and actuals with carbon credits as underlying. The agreement will lead the two institutions to assess jointly the development of products aimed at the Brazilian and international markets and to develop joint studies, assess economic viability and suggest the necessary regulatory measures for the launch of these products. The initiative also foresees the creation of a Market Maker Program for the products that result from the partnership.

“This is an important phase in the development of the local carbon market, getting Brazil on track to what has been done internationally,” said Santander Treasury Officer Roberto Campos. “We’re taking another step towards creating an environment that, in the medium term, will promote standardization, transparency and liquidity for the market participants,” said BM&FBOVESPA Product and Customer Officer Marcelo Maziero.