Brazil: Low-carbon recovery could save rainforest and boost economy

On August 13, 2020, Climate Home News reported on an international study about green recovery opportunities in Brazil. The study by the New Climate Economy and World Resources Institute, in partnership with former finance ministers and World Bank executives, finds that the government could rebuild the economy faster after the pandemic by making low-carbon growth a key part of the recovery. The authors propose measures such as reduced deforestation, more sustainable agriculture, clean energy solutions, and electric vehicles. They strongly recommend improving environmental protection, arguing that:

 “Brazil’s advantage lies in the ample existing supply of natural infrastructure (e.g., forests, mangroves, and rivers), which has been proven to reduce overall costs of investments in infrastructure and logistics, if natural resources are used in a smart way.”

The study estimates that greener economic development could create 2 million jobs and increase GDP by $535 billion in the next 10 years in comparison to business-as-usual plans. By embracing a green recovery and investing in low-carbon growth, Brazil could even exceed its climate pledge: the study estimates that, by 2025, the country’s greenhouse gas emissions could be reduced by 42% compared to 2005.