The launch will be the first via the Indexes on Demand page

As part of the innovations in indexes, B3 is now offering another index of assets registered in an Over-the-Counter environment. This is the ICBIO 33, which consolidates the performance data on the Decarbonization Credit (CBIO).

The methodology of the CBIO Index takes into account the average trading prices, excluding outliers from the sample and applying some filters that promote a broad view of the CBIO market. The Index will be updated once a day.

This is the first index offered to the market through the Indexes on Demand platform, an agile solution created by B3. Its purpose is to increase B3’s portfolio and originate financial products for the diversification of the investor’s portfolio in different segments, such as Exchange Traded Funds (ETFs) and derivatives.

About the Carbon Credit (CBIO) – The National Biofuel Policy (RenovaBio) was established by Law No. 13,576/2017 to enable Brazil to fulfill the commitments assumed in the Paris Agreement. This agreement determined as a target for Brazil an increase of 18% in the share of bioenergy in its energy matrix by 2030.

Based on this need, the CBIO plays an important role. In practice, this is how it works: each CBIO represents one metric ton of CO2 avoided. Therefore, the emission is produced by renewable fuel producers, such as ethanol (the main source), biodiesel and biomethane and the target audience for these securities is precisely the companies that distribute pollutant fossil fuel as a way to offset carbon emissions.

To read and learn more about this topic – and B3’s role in all this – please click here.

For any questions concerning the B3 CBIO Index, please contact us via the email: [email protected]