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Law 2169/2021 promoting low-carbon development

2021LegislativeAdaptation, Mitigation
Sectors: Economy-wide
This law impulses low-carbon development through the establishment of goals and measures in order to reach carbon neutrality and resilience. It sets accountability mechanisms, defines pillars to enable the transition, and sets a range of economy-wide and sectoral mitigation and adaptation targets and other measures. According to a World Bank report, the law establishes that, beginning in 2023, half of carbon tax revenues will be used in "costal erosion management, conversation of water sources, and the protection of ecosystems", amongst other measures. The other half of tax revenues "will be used for financing the Program for the Substitution of Illicit Use Crops (Programa Nacional Integral de Sustitución de Cultivos de Uso Ilícito)".

Examples:
Resilient infrastructure, Fossil fuel divestment, Net zero growth plan, Sustainable fishing

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Law 2169/2021 promoting low-carbon development
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  • Be carbon neutral by 2050Economy-wide · Target year: 2050
  • Reduce Greenhouse Gas (GHG) emissions by fifty-one percent (51%) with respect to the 2030 reference scenario of the NDC, which represents a maximum of country emissions of 169.44 million tCO2eq in 2030.Environment · Target year: 2030
  • Reduce black carbon emissions by forty percent (40%) compared to 2014, which represents a maximum black carbon emission of 9,195 tons in 2030, excluding forest firesEnvironment: Economy Wide · Target year: 2030
  • Declare by 2030, a minimum of thirty percent (30%) of the seas and continental areas under protection categories or complementary conservation strategiesCoastal zones · Target year: 2030
  • Increase by 2030, by 100,000 hectares, the areas in the process of rehabilitation, recovery or restoration in the areas of the National Parks System and its zones of influenceLULUCF · Target year: 2030

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The summary of this document was written by researchers at the Grantham Research Institute . If you want to use this summary, please check terms of use for citation and licensing of third party data.