By Brazil Stock Guide – At the COP-30 climate summit in Belém, Brazil took a decisive step toward consolidating its carbon market. The National Development Bank (BNDES), Bradesco and the Ecogreen Fund announced the creation of Ecora, a new Brazilian carbon credit certifier designed to strengthen domestic climate infrastructure and boost the low-carbon economy. Global consultancy Aecom will act as technical advisor to the initiative.
National framework for a global market
Ecora’s mission is to give Brazil its own certification system—rooted in local science and governance—to meet the growing global demand for carbon credits. The project is a direct response to the country’s dependence on international certifiers and the need for methodologies adapted to Brazil’s diverse biomes. With advanced technology and scientific rigor, Ecora will enhance transparency and credibility, reinforcing Brazil’s ambition to lead the global sustainability agenda showcased at COP-30.
Digital backbone and traceability
The certifier will operate through the Conservare platform, enabling full traceability and automation throughout the carbon-credit life cycle—from feasibility assessment to retirement. The system integrates public databases, project management tools and geospatial analytics to accelerate validation and enhance reliability for investors and project developers alike.
Mercadante: democratizing access
Aloizio Mercadante, President of BNDES, said the goal is to give Brazilian credits international competitiveness while reducing barriers for small producers. “This project will lower costs, democratize access and align with new legislation advancing toward a regulated carbon market,” he said. “It makes perfect sense for a country that holds most of the world’s tropical forest and provides vital environmental services to the planet.”
Florestas, jobs and technology
Nelson Barbosa, BNDES’s planning director, linked carbon credits to the success of Brazil’s forest concession model. “We saw the need to boost the capacity to generate credits adapted to our biomes and to foster employment and technology across the certification chain,” he said.
Private sector engagement
For Marcelo Noronha, CEO of Bradesco (BBDC4.SA), the launch at COP-30 marks a turning point for sustainable finance. “Ecora represents a commitment to transparency, science and sustainable development,” he said. “Brazil can become the main global hub for carbon-credit solutions, and we are proud to help build a market that is robust, transparent and aligned with best practices.”
Hélio Barbosa Júnior, director of the Ecogreen Fund, called Ecora “born with a Brazilian soul and global connection.” He said the project reinforces Brazil’s role in tackling climate change while attracting investment and innovation. “The country has all the natural attributes to be the leader of the new green economy.”
Vicente Mello, senior vice-president of Aecom, described the project as a milestone for climate infrastructure in the Global South. “We are honored to help build a scientifically rigorous and regionally aligned certification system,” he said. “Ecora will be a fundamental step in advancing Brazil’s leadership in the global carbon market.”
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