Biofuels and the Price of Climate Change
Brazil's biofuels struggle to compete with cheap oil. Is it time for a global carbon tax? And we look at African debt 10 years after the G8 forgave much of it.
Brazil's has made ethanol brewed from sugar cane its answer to rising carbon emissions. But the falling oil price has been hitting its industry hard. We hear a report from Brazil's biofuels capital, Sertaozinho, about the effect this is having. We also speak to environmentalist and author, Gernot Wagner, whose new book, 'Climate Shock: The Economic Consequences of a Hotter Planet', looks among other things at the possibility of a new global carbon tax to set what he believes would be a more realistic price for fossil fuels. And we look at the rising levels of debt in Ghana and Uganda ten years after a G8 summit forgave the debt of many African nations.
(Photo: Tractor harvesting sugar cane for bio-fuels in Brazil, Credit: Nelson Almeida/Getty Images)
Last on
More episodes
Previous
Clip
-
Brazil's Biofuels Under Pressure
Duration: 05:53
Broadcast
- Fri 12 Jun 2015 07:32GMT大象传媒 World Service Online
Featured in...
Debating Climate Change
The interplay of science, technology, business and politics in the environmental debate
Podcast
-
Business Daily
The daily drama of money and work from the 大象传媒.