Brazil Pollution: CO2 Emissions From Energy Have Doubled As Drought Puts Strain On Hydroelectric Supplies

August 25, 2014

Maria Gallucci – International Business Times, 8/21/2014

Brazil’s power sector has doubled its global warming emissions in the past two years, a new analysis found. The uptick threatens to offset some of the country’s gains in slowing deforestation – an effort that climate groups say has led to dramatic cuts in carbon dioxide pollution. That could diminish the government’s negotiating power ahead of global climate talks in Paris next year, analysts say.

From January to July 2014, the cumulative monthly average of emissions grew by 182 percent for every one megawatt-hour of electricity produced, compared with the same period in 2012, according to data from Brazil’s Ministry of Science, Technology and Innovation, São Paulo-based newspaper Valor Economico reported on Thursday (link in Portuguese).

Overall, the energy sector accounts for about 30 percent of Brazil’s total greenhouse gas emissions.

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Insight: Brazil’s slump hits job market as election approaches

August 25, 2014

Brad Haynes and Silvio Cascione – Chicago Tribune, 8/22/2014

Many of Brazil’s biggest retailers, homebuilders and carmakers are cutting jobs as Latin America’s largest economy teeters on the edge of recession, a fresh blow to President Dilma Rousseff’s re-election bid.

For years, low unemployment was key to Brazil’s emergence as an economic power and important gains in the fight against poverty.

The unemployment rate remains near record lows of around 5 percent and the leftist Rousseff regularly touts it as a success of the ruling Workers’ Party over the last 12 years.

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Can China-Brazil trade keep up its promising momentum

August 25, 2014

Zhang Fan – China Daily, 8/25/2014

The world is facing overwhelming change and the rise of China is among the key factors, said Marcos Troyjo, a Brazilian economist and co-director of the BRICLab at Columbia University, at a conference hosted by Brazilian law firm Demarest in Sao Paulo on Aug 19.

Troyjo said China has entered a new stage, what he calls “China 2.0″. Compared with the 30 years following the county’s Reform and Opening-up policies of 1978, China can now no longer rely on governmental investment and foreign trade to simulate its economic development.

China 2.0 needs to alter its economic development, reduce overproduction and enlarge its importation, said Troyjo, which could mean great opportunities for Brazilian industries.

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LatamWatch: Brazil Presidential Poll, First Debate Tues

August 25, 2014

Charles Newbery, James Young and Daniel Horch – MNI News, 8/25/2014

Brazil’s presidential race enters the stretch this week, six weeks before the October 5 vote, with a new poll and the first presidential debate, both Tuesday.

This poll will be the first since Marina Silva became the PSB party’s official candidate after the death of its original standard-bearer, Eduardo Campos, in a plane crash August 13. A poll last week showed her in second place in the first round of voting, ahead of market favorite Aecio Neves, then defeating President Dilma Rousseff in a runoff round October 26.

But the poll’s margins were slim, and Silva may have been benefitting from sympathy over Campos’ death. She also has not yet faced any attacks from the other candidates, and recently discord in her party, which she joined only a few months ago, has emerged.

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Ermirio de Moraes, head of Brazil’s Votorantim for decades, dies

August 25, 2014

 

Guillermo Parra-Bernal – Reuters, 8/25/2014

Antonio Ermirio de Moraes, the businessman who helped forge Brazil’s largest industrial conglomerate, died in São Paulo after battling Alzheimer’s disease for more than a decade. He was 86.

 

Ermirio de Moraes, who reportedly owned about 25 percent of Grupo Votorantim, died late on Sunday of heart failure, a source with knowledge of the situation told Reuters. In a statement, Grupo Votorantim said his burial will take place in São Paulo’s Morumbi cemetery on Monday.

Forbes Magazine recently recalculated his net worth to about $3.9 billion, down from $12.7 billion last year, after uncovering an ownership split at the conglomerate. The rest of Grupo Votorantim is controlled by two of his siblings and their heirs, according to Forbes.

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Silva Melds Dishwasher Past With Growth Vows for Brazil Vote

August 25, 2014

Raymond Colitt – Bloomberg, 8/25/2014

Forty years ago, Marina Silva was a maid washing dishes in the jungle city of Rio Branco. Today, she is a presidential contender, counting on her personal history to appeal to poorer Brazilians even as she adopts economic positions friendly to business leaders and investors.

Silva’s entry into the contest as a replacement for Eduardo Campos after he died in a plane crash has upended the race, with polls showing her attracting previously undecided voters. To win, she needs to do more: siphon support from President Dilma Rousseff among the poor, who have benefited from 12 years of social welfare under the ruling Workers’ Party.

Silva’s pledges to slow inflation, grant central bank autonomy and undo fiscal policies that led to a sovereign credit downgrade target a different audience: supporters of Senator Aecio Neves, who appeals mostly to more affluent Brazilians. Her personal background positions her to meld this economic-growth agenda with an appeal to poorer voters, said Rafael Cortez, a political analyst at research company Tendencias Consultoria Integrada.

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