Brazil and India are leaders in Decarbonizing their economies

Posted on December 10, 2010 by

Brazil and India, key members of the BRIC block are the leaders in the worldwide action toward reducing the CO2 emissions in relation to economic activity. By reducing the emission intensity of their economies, these countries are becoming more suited to continue developing at high growth rates in the carbon-constrained world. The GHG emissions of Brazil spews have dropped by 5.4 percent in 2009 against 2008, as per PWC’s Low Carbon Economy Index.

India is another leader in decarbonizing the country. India’s per capita level of emissions has reduced in comparison with other emerging  economies. PWC’s index assessed the G-20 based on their carbon intensity against a fixed carbon budget estimated to stabilize greenhouse gas emissions.

The climate change agenda is shifting from a global legally binding, politicially drawn out treaty to a national economic competition. The focus is moving away from the cost sharing to a focus on value creation. Countries have statted to realiz the potential for low-carbon growth and the economic risks of falling behind in the international green economy race.

While countries like India and Brazil reduced their carbon intensity through targeted direct measures, the developed countries appear to do well only due to the slowdown in economic activities in the last 2 years. Many of the world’s largest economies maintained their business-as-usual ways, which is reflected in the the total carbon emissions of the G-20 in 2009. The global carbon intensity decreased by only 0.7 percent, which is much lower than the 3.5 percent reduction per annum required by 2020 to stabilize the temperatures under 2 degree Celsius rise.