Brazil will look at options for a potential emissions trading scheme, in a bid to boost clean energy investments by a country that's starting to be seen as an international environmental pariah.

The Brazilian government, World Bank and CEBDS, the local arm of the World Business Council for Sustainable Development, signed a cooperation agreement to jointly advance studies over implementation of a carbon pricing mechanism

The Brazilian ministry of economics said that the aim is to create a mechanism based on “national trading of greenhouse gases”, and that the system would also include “arrangements for the protection and promotion of competitiveness of...