Sergio Abranches
The International Monetary Fund, the World Bank and other international groups are expected to present a paper on climate finance at the G20 meeting this Friday in Washington. It recommends a sharp reduction of subsidies for fossil fuels, putting a price tag of $25 per ton on carbon emissions, and collecting a surcharge on bunker fuels to raise money for climate finance. More »
Brazil has suddenly realized the attractiveness of its immense wind power potential. Once deemed too expensive and small-scale, unable to meet the country’s power needs, it is now braced to grow sevenfold to 2014. More »
Sérgio Abranches
Economic damage costs related to extreme climate events to date in the US exceed $35 Billion, says the National Oceanographic and Atmospheric Administration – NOAA. These costs are likely to affect both the domestic and the global economies already facing a serious crisis. More »
Sergio Abranches
For the third consecutive year Brazilian sugarcane harvests will be affected by adverse climatic factors. The latest estimates from the producers’ association, UNICA, is that it will be 8.4% smaller for the season 2011-2012. Over the last three years demand for sugar has been very strong and prices even higher than ethanol’s. As a result, producers have been calibrating their production mix to yield more sugar than alcohol. More »
Sergio Abranches
Moving from a high-carbon to a low-carbon economy entails replacing the global energy and industrial high-carbon infrastructure over the next decades. UN’s recent Economic and Social Survey 2011 – The Great Green Technological Transformation estimates replacement costs at $15-$20 trillion, or between one quarter and one third of global income. More »
Sérgio Abranches
The early-warning satellite system for monitoring deforestation in the Brazilian Amazon, DETER, developed by the National Institute for Space Research, INPE, has detected an atypical increase in cleared forest area on March-April this year. It was the largest area cleared in this period since 2008. Compared to 2010 deforestation was 473% greater. Today, INPE has announced that deforestation in May was 146% greater than in May, 2010. More »
