Ecobreves – BRAZIL: In Compliance with Kyoto Protocol

By IPS Correspondents and - - Reprint | | Print |

RIO DE JANEIRO, Sep 29 2002 (IPS) - Brazil is considering an agreement to manufacture 100,000 automobiles with fuel-alcohol-driven engines through a 30 million dollar donation from Germany, as part of the Clean Development Mechanism of the Kyoto Protocol on climate change, signed in 1997. The clean development system allows industrialized countries to invest in “clean” energy projects in developing countries as a means to meet the targets set in the Protocol for the reduction of greenhouse gas emissions. The Kyoto Protocol will enter into full force as soon as Canada and Russia ratify it.

Brazil could receive 600 million dollars a year in investment in this clean energy sector, according to calculations by the Brazilian Business Council for Sustainable Development.