Brazil And Climate Change: Push For Clean Energy Could Help Ailing Economy, Analysts Say

BRIANNA LEE, INTERNATIONAL BUSINESS TIMES, 9/29/2015

With an economy in recession and a sprawling corruption case eroding public trust in government by the day, good news has been sorely lacking in Brazil this year. But President Dilma Rousseff elicited cheers from around the world this week as she submitted a set of pledges on climate change to the United Nations, making Brazil the first major developing nation to announce specific targets to rein in carbon emissions ahead of the highly anticipated climate change conference in Paris later this year.

The announcement from Brazil, the world’s seventh-largest economy and seventh-largest emitter of greenhouse gases, was a major step to building momentum for a global climate agreement. But some analysts say the plan’s push for clean energy could also present a rare ray of hope to boost jobs, economic growth and credibility in Rousseff’s government as Brazil continues to battle one of its biggest economic and political crises in years.

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