The GREEN MARKET ORACLE: Brazil

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Thursday, August 29, 2019

Governments are Acting to Curb the Fires in the Amazon

Governments are responding to the planetary threat posed by the fires in the Amazon. There has been a 79 percent increase in fires in 2019 compared to the same period last year. These fires are a threat to air, water, and wildlife. The Amazon generates one fifth of the world's oxygen and it is the single largest reservoir of fresh water and biodiversity on Earth. The Amazon also regulates climate including heat and precipitation. The ongoing degradation of this region could trigger tipping points from which we will not be able to recover.

The Earth's Lungs are Burning and Bolsanaro is to Blame

Wildfires have raged all around the world in 2019 but nowhere is the situation more serious than in the record breaking Amazon fires. There have been almost 80,000 fires in the Amazon this year, more than 30,000 in recent weeks and almost 10,000 since the middle of August. Brazil's National Institute for Space Research, or INPET reports that there have been 74,155 fires in the Amazon in 2019. The massive plumes of smoke from these fires stretch for 1.2 million square miles, cutting across the entire continent of South America and extending out into the South Atlantic Ocean. The Amazon is composed of 2.12 square miles of rainforest that spans Columbia and Peru as well as other countries. However, the majority of the Amazon is located in Brazil.

World Cup 2014: An Environmental Postmortem

The World Cup is over and Germany has emerged victorious, but just how environmentally sustainable was the FIFA sporting event in Brazil?

Some are hailing the 2014 World Cup as the greenest ever. Simon Trace, CEO of Practical Action, is among those that are lauding the green accomplishments of the World Cup in Brazil. He cited the unparalleled use of solar energy saying, "the organisers and FIFA are to be congratulated for making a considerable financial investment and making this the greenest World Cup in history."

Brazil generated more renewable energy than any other World cup before. The investment in green power is helping to grow the nation's renewable energy sector which employs a total of 894,000 people.

Video - World Cup 2014: Carbon Credits

Video - World Cup 2014: Unsustainable Road Transportation

Video - World Cup 2014: Sustainability Training for Stadium Management

Video - World Cup 2014: Green Stadiums

Friday, July 11, 2014

Graphic - World Cup Energy and CO2

Image source: Oilprice.com

Related
World Cup 2014: An Environmental Post Mortem
Video - World Cup 2014: Carbon Credits
Video - World Cup 2014: Unsustainable Road Transportation
Video - World Cup 2014: Sustainability Training for Stadium Management
Video - World Cup 2014: Green Stadiums
Infographic - Brazil World Cup 2014

Infographic - Brazil World Cup 2014

Competing National Priorities

The members of the G8, G20 and other nations all have their own interests, the way these competing interests come together will ultimately determine the strategic direction of the global economy. Here is a simplified summary of the national priorities of eight key players:

Canada: Sustainable global growth, avoiding a bank tax, and the stabilization of government debt particularly in Europe.

The United States: Slow the global removal of fiscal stimulus to protect the recovery.

The European Union: Financial reform regulation, (bank tax and IMF reforms), fiscal sustainability and growth.

China: Ward off protectionism.

Japan: Avoid a bank tax, and free trade.

Russia: Medium-term European fiscal sustainability and preserving the recovery.

Brazil: More rights within the IMF.

India: Greater representation in the IMF and opposition to a bank tax.

Competing national interests will make it difficult to find agreement. The need for economic stewardship demands that our leaders look beyond local and regional interests to forge the basis of a consensus.
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Related Posts
G20 Must Cooperate for a Sustainable Recovery
G20 Disagreements and Global Economic Reforms
G20 and Central Bank Governors Joint Communique
End Fossil Fuel Subsidies
Program and Plans for G8 and G20 Summits in Canada
The G20 and the Green Economy
UN Chief Asks G20 to Focus on a Sustainable Recovery
G20 Security Concerns Force Cancellation of Sustainable Supply Chain Event
G20 Protestors Dilute Green Message
The Tyranny of Protest and Climate Change Pragmatism
Local Business Promotes Green Agenda for G20 in Pittsburgh
G20 and Developing World Disagree on Climate Change
G20 Lays the Foundation for a Better World
Global Warming Exposes Resources but Arctic Meeting Leaves Some Out in the Cold
G8's More Aggressive GHG Targets
IMF Reforms

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Thursday, August 29, 2019

Governments are Acting to Curb the Fires in the Amazon

Monday, August 26, 2019

The Earth's Lungs are Burning and Bolsanaro is to Blame

Monday, July 14, 2014

World Cup 2014: An Environmental Postmortem

Saturday, July 12, 2014