Conversion Of Environmental Fines In Environmental Protected Units

Author:Ms Ana Grizzi and Daniela Simões Diniz
Profession:Veirano e Advogados Associados

On the 22 of January, 2018, the Chico Mendes Institute for the Conservation of Biodiversity (ICMBio) published Normative Instruction No. 2/2018, regulating the procedures for the conversion of environmental fines into preservation, improvement and recuperation services of the environment in environmental protected units. Normative Instruction No.2/2018 sets forth two proceedings to convert an environmental fine:

Direct Conversion: the company presents its own environmental project according to ICMBio s directives, which will be analyzed. Should the project be accepted, a discount of 35% is applied on the fine. Indirect Conversion: the company adheres to a project pre-selected by ICMBio and a discount of 60% is applied on the fine. The value...

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