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28/06/2023

On June 22nd, our partner Rodolfo Vouga Z. participated in a timely panel discussion on carbon markets organized by the Paraguayan-American Chamber of Commerce (AMCHAM Paraguay). Alongside Per Olofsson, CEO of Paracel S.A., the panelists shared experiences and perspectives for the carbon markets, exploring the potential and opportunities in Paraguay, as well as the sector's regulation.

The panel discussion garnered a great turnout of professionals and business leaders active in the carbon sector, and had an important coverage by the local press. During the event, Rodolfo Vouga and Per Olofsson discussed ongoing projects in various sectors such as forestry, agriculture, livestock, renewable energy, and transportation in Paraguay, as well as a bill presented in Congress that would regulate certain aspects of carbon credits in Paraguay, including ownership, registration, corresponding adjustments, among other issues. The panel generated a productive exchange of ideas with the audience.

Rodolfo Vouga emphasized the importance of having a legal framework with clear rules regarding carbon credit ownership and other regulatory aspects, which, in his view, will facilitate access to the markets for projects developed in Paraguay.

Carbon markets have become a key tool in driving the transition towards a low-carbon economy. Paraguay, with its vast biodiversity and business-friendly investment climate, positions itself as one of the jurisdictions with the greatest potential worldwide for the development of carbon credit projects. VOUGA ABOGADOS currently boasts a leading team in Paraguay with experience in implementing carbon projects.

We would like to express our gratitude to AMCHAM Paraguay for providing us with the opportunity to share our experience in this growing sector.

You can watch the discussion in the following link.

For further information about the event or carbon markets in Paraguay, please contact Rodolfo Vouga Z (rgvouga@vouga.com.py), Rodrigo Fernández (rfernandez@vouga.com.py) and Cecilia Vera (cvera@vouga.com.py).

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