Portugal
Decree-Law 4/2024 of January 5 establishes the voluntary carbon market and defines the rules for its operation
- The voluntary carbon market aims to incentivize public and private players to develop projects that ensure a balance between economic and environmental sustainability.
- Projects that focus on carbon sequestration in forested areas are prioritized, given their vulnerability to wildfires.
- A tradable carbon credit mechanism is created to incentivize carbon sequestration.
- Carbon credits will be managed through registration on a centralized platform, which is expected to be operational from 2025.