{"id":10635,"date":"2025-10-31T11:21:32","date_gmt":"2025-10-31T11:21:32","guid":{"rendered":"https:\/\/www.bvrio.org\/?p=10635"},"modified":"2026-03-05T21:59:15","modified_gmt":"2026-03-05T21:59:15","slug":"bvrio-completes-inaugural-purchase-of-forest-reserve-credits-and-celebrates-the-start-of-official-issuance","status":"publish","type":"post","link":"https:\/\/www.bvrio.org\/pt-br\/bvrio-completes-inaugural-purchase-of-forest-reserve-credits-and-celebrates-the-start-of-official-issuance\/","title":{"rendered":"Brazil launches Forest Reserve Credit market with pioneering participation from BVRio"},"content":{"rendered":"

BVRio, the first Brazilian institution to establish the full technical, legal, and operational framework for the <\/a>Forest Reserve Credit,<\/em>\u00a0known nationally as CRA (Cota de Reserva Ambiental)\u00a0has completed the country\u2019s first-ever credit purchase. The symbolic transaction coincides with the official launch of CRA issuance by the Brazilian Forest Service (SFB), formalised today at the Ministry of the Environment in Bras\u00edlia, with the participation of Environment Minister Marina Silva.<\/p>\n

Watch the event recording on YouTube here<\/a><\/em><\/p>\n

At an event held on 30 October at the Ministry of the Environment in Bras\u00edlia led by the Brazilian Forest Service (SFB), Environment Minister Marina Silva, highlighted the CRA mechanism as a powerful example of environmental justice that rewards those who conserve and support climate resilience. \u201cWhen we reward those who protect, we are contributing to climate stability and fairness. It is a mechanism of environmental justice.\u201d Marina Silva.<\/span><\/p>\n

She went on to describe the instrument as, \u201cA mechanism of environmental justice,\u201d highlighting its dual role in climate adaptation and social equity. \u201cWhen we stimulate protection, we help prevent the worsening of climate change and extreme weather events. It is not only fair to those who preserved their forests, but also beneficial to the most vulnerable.\u201d<\/span><\/p>\n

Each Forest Reserve Credit (CRA) represents one hectare of native vegetation, either standing or under restoration, beyond the legal requirement as set out by the Forest Code. Credits can be traded to offset Legal Reserve deficits in other properties or corporate projects, ensuring that compliance generates tangible value for those who conserve.<\/span><\/p>\n

In the Cerrado biome alone, more than 33 million hectares of surplus native vegetation outside protected areas could be preserved and remunerated through CRAs, particularly if integrated with Brazil\u2019s upcoming Emissions Trading System (SBCE), currently under regulation. With an estimated 68 million hectares of surplus native vegetation in total, according to the <\/span>Forest Code Thermometer<\/span><\/a>, Brazil\u2019s Forest Reserve Credit system stands among the world\u2019s most promising green-finance mechanisms.<\/span><\/p>\n

The first batch of CRAs issued by the SFB took place thirteen years after the mechanism was created under the 2012 Forest Code, and relates to privately conserved forest areas in Rio de Janeiro State, owned by Bernardo Furrer, a physician and environmentalist who maintains over 150 hectares of Atlantic Forest in two Private Natural Heritage Reserves (RPPNs) in Nova Friburgo.<\/span><\/p>\n

As part of the launch, BVRio, the Brazilian institution which designed the full technical, legal, and operational framework that enables CRA transactions, completed the inaugural credit purchase, a symbolic step that demonstrates the mechanism\u2019s transition from concept to practice.<\/span><\/p>\n

Roberta del Giudice, BVRio\u2019s Director for Forests and Public Policy commented, \u201cThirteen years ago, when we built Brazil\u2019s first CRA platform, we were anticipating the future. The Forest Code has always been a forward-looking law with the potential to position Brazil as a global leader in climate transition. Now, CRAs are no longer a promise; they are a concrete tool: every credit is a hectare of native forest turned into a financial asset. On the eve of COP30, Brazil shows the world that it has real solutions to offer.\u201d<\/span><\/p>\n

Coming just ahead of the start of COP30, this milestone establishes CRAs as a cornerstone of Brazil\u2019s environmental regularisation strategy, a market-based instrument that monetises the conservation of native vegetation and creates new financial pathways for compliance and restoration.<\/span><\/p>\n

\u201cThis is a landmark for full implementation of the Forest Code. Protecting nature is essential for a healthy environment. I am proud that RPPNs are part of this milestone, now it\u2019s up to all of us, as citizens, to ensure its success,\u201d said Furrer.<\/span><\/p>\n

BVRio Co-founder, Pedro Moura Costa, recalled the platform\u2019s origins: \u201cBack in 2012, our CRA exchange already listed five million hectares in supply, nearly half of what Brazil would need to balance its legal deficits and surpluses. But without regulation, buyers or enforcement, the market stalled. Now, with the CAR system operational and the government issuing the first credits, we have a real chance to unlock this potential. The challenge is to ensure both scale and credibility, and that\u2019s where BVRio is ready to contribute.\u201d<\/span><\/p>\n

Brazilian Forest Service Director Gabriel Lui highlighted that the launch marks \u201ca turning point\u201d for implementation of the law: \u201cCRAs convert conservation into an economic opportunity, rewarding those who protect and providing legal certainty to those who must comply. It\u2019s a key instrument for turning the Forest Code into an effective policy for sustainable development.\u201d<\/span><\/p>\n

Climate and economic potential<\/b><\/span><\/p>\n

The CRA initiative launch follows the launch of a \u2018Forest Code Pact\u2019<\/a>, held in Bras\u00edlia on 23 October, which brought together federal and state governments, the private sector, civil society and financial institutions to reaffirm their commitment to full implementation of the law.<\/span><\/p>\n

According to estimates from PlanaFlor, a strategic plan for Forest Code implementation, full compliance could:<\/span><\/p>\n