Mercuria among companies vying for Tocantins carbon credits in Brazil

SAO PAULO, Oct 18 (Reuters) – Mercuria Energy Trading is one of three companies seeking to register and acquire up to 200 million tonnes of Amazon rainforest-related jurisdictional carbon credits being sold by the Brazilian state of Tocantins, officials said.

Tocantins expects the credits, generated between 2016 and 2032, to be worth up to 2 billion reais ($191 million), said environment manager Marli Santos.

Switzerland-based Mercuria, one of the world’s largest commodity and energy traders, with operations in 50 countries and annual revenue of $130 billion last year, competes with a subsidiary of Britain’s Systemiq, a company focused on sustainable business, and with Brazil’s Future Carbon Holding.

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The state will announce the winner on Wednesday, Tocantins said in a statement. Governor Wanderlei Barbosa said in the statement that the transaction underscores the state’s focus on addressing climate change.

If the deal goes through and the credits are registered internationally, Tocantins said it would be the first state in the Brazilian Amazon to sell jurisdictional carbon credits.

($1 = 5.2484 reais)

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Reporting by Tatiana Bautzer Editing by Paul Simao

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