Developing green: A case for the Brazilian manufacturing industry

Gramkow, Camila and Anger-Kraavi, Annela (2019) Developing green: A case for the Brazilian manufacturing industry. Sustainability, 11 (23). ISSN 2071-1050

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The recent IPCC Special Report on global warming of 1.5 °C emphasizes that rapid action to reduce greenhouse gas (GHG) emissions is vital to achieving the climate mitigation goals of the Paris Agreement. The most-needed substantial upscaling of investments in GHG mitigation options in all sectors, and particularly in manufacturing sectors, can be an opportunity for a green economic development leap in developing countries. Here, we use the Brazilian manufacturing sectors as an example to explore a transformation of its economy while contributing to the Paris targets. Projections of Brazil's economic futures with and without a portfolio of fiscal policies to induce low carbon investments are produced up to 2030 (end year of Brazil's Nationally Determined Contribution-NDC), by employing the large-scale macro econometric Energy-Environment-Economy Model, E3ME. Our findings highlight that the correct mix of green stimulus can help modernize and decarbonize the Brazilian manufacturing sectors and allow the country's economy to grow faster (by up to 0.42% compared to baseline) while its carbon dioxide (CO2) emissions decline (by up to 14.5% in relation to baseline). Investment levels increase, thereby strengthening exports' competitiveness and alleviating external constraints to long-term economic growth in net terms.

Item Type: Article
Uncontrolled Keywords: climate change macroeconomics,fiscal policy,sustainable economic development,geography, planning and development,renewable energy, sustainability and the environment,management, monitoring, policy and law,sdg 7 - affordable and clean energy,sdg 8 - decent work and economic growth,sdg 13 - climate action ,/dk/atira/pure/subjectarea/asjc/3300/3305
Faculty \ School: Faculty of Science > School of Environmental Sciences
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Depositing User: LivePure Connector
Date Deposited: 04 Jan 2020 04:08
Last Modified: 22 Oct 2022 05:39
DOI: 10.3390/su11236783

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