The year was 1907, when the elite of Carioca, enthusiasts of combustion cars, who had begun to dominate the city streets, decided to found the Automóvel Clube do Brasil. At that time, the site chosen was the palatial building on Rua do Paseo, in the centre, a place erected in 1783 by the Portuguese court, who wanted to create a noble space in which to settle. Almost 120 years after it opened with the national enthusiasm center for cars emitting carbon emissions into the atmosphere, the building, which years ago hosted the Fluminense Casino and which had fallen into disrepair for the past two decades, is to be transformed into the new headquarters of the Financial Center of Tomorrow. .
According to information published by O Globo newspaper last Wednesday (11), the city of Rio de Janeiro, the owner of the property, will spend 37 million Brazilian riyals to renovate the building. The Minister of Economic Development, Chicão Bulhões, reports that the aim of the municipal administration is to attract startups, universities and public entities interested in promotion and regulatory debate regarding the energy transition, carbon credits and decentralized finance (DeFi).
Polhis classified the initiative as a development in Bolsa Verde when he argued that the place would be a kind of catalyst for initiatives that dialogue with the financial market and with national regulators, since, according to him, Brazil needs carbon conversion in the credit market in reality. .
Upon completion of the renovation, expected to be delivered between the end of 2023 and the beginning of 2024, the site should be among its first tenants an education branch of the Securities and Exchange Commission (CVM), which is in negotiation with the report, according to the report.
The Financial Center of Tomorrow is an arm of the Bolsa Verde Programme, an initiative aimed at creating a voluntary market for carbon credits in Cidade Maravilhosa, which was launched in April 2021, when the City Council announced the creation of a working group within the scope of creating a project that expects to reduce the tax on services of any kind ( ISSQN), “ISS Neutral”, is underway in the City Council, which represents a tax reduction up to the R$60,000 limit for businesses that offset carbon emissions in the city.
On the occasion of the launch of Bolsa Verde, Tembici, a company associated with precision mobility, responsible for shared bikes in Rio, São Paulo and Brasilia, among other cities, has announced the auction of 750 units of carbon credits, with bids from the United States. $7 per unit.
In March of last year, Rio’s state and municipal governments signed a memorandum of understanding with Nasdaq and the Global Environmental Assets Platform (GEAP) to open an exchange for trading carbon credits in the capital city of Rio de Janeiro, as reported by Cointelegraph Brasil.