Willem Buiter published an article in the Financial Times on one of my favorite topics of debate: greenhouse gas emissions and the right of equaly pollution per capita.

Everytime someone comes up with the argument that the effects of making ethanol would be dramatics for CO2 emissions I come up with these statistics: an average Brazilian yields 20 times less CO2 emissions than the average American.  Moreover: the growth of CO2 emissions of the average America is, despite the fact that he already emits 20 times more CO2, is still 3 times as high as that of the average Brazilian.

But this whole debate gets really interesting when you scrap out the “poor factor” from Willem Buiter’s argumentation, in a mathematical way.
How to do that?  Very simpel: you look at the GDP a country produces and devide it by the total CO2 emission of that country.

If you would take the US (14.264.700 million US$ GDP and 5.902,75 million metric tons CO2) as an index 100, you get the following indexes for:

France: 35 (almost 3 times more efficient that the US in making 1US$ GDP, CO2-wise)
China: 330 (more than 3 times less efficient than the US in making 1US$ GDP, CO2-wise)
South Africa: 385 (peforms even worse than the China in making 1 US$ GDP, CO2 wise; this is due to the massive consumption of coal in SA for their electricity)
India: 226 (twice as inefficient as the US in producing 1 US$ GDP CO2 wise)

Brazil scores 57, this puts the country in the class of a developing country like France as to being competitive in creating 1U$ GDP with as little CO2 emission as possible.

Conclusion: Brazil’s low score in emission per capita is much better than India’s low score per capita.   Becausse Brazil succeeds creating 1US$ GDP with almost 400% less CO2 emissions than eg. China.

While in most countries the economy is collapsing at an unseen speed and the governments have no idea how to plug the massive holes in the budgets, the Brazilian government is studying a plan to lower the contribution of employer’s social contribution from 20 to 15%.  Which will be surely an incentive to hire even more people.

That being said, the unemployment in Brazil isn’t increasing and amounts now 8,9%,  as you can see here.

Read more on the plans of the government on Globo.

End November 2008, Brazil’s president Lula da Silva had an approval rate of 70%.  Not many presidents in the world ever had such a rating.
His approval rating fell somewhet in Q1 2009, but bounced back this May to all-time highs as Brazilians grow confident how Brazil is coping with the crisis.

Lula approval rating is now 69%.  Reports on this can be read in Reuters and on the Boston Globe.

Also worthwhile reading is this article of last week where the Financial times gives president Zuma of South Africa the following advice:
“Zuma shouldlearn from Lula”.
On December 19th of 2007, 18 months ago, this was exactly the statement that I made when I wrote the following article:
“Zuma: choosing the Lula or Chavez scenario?”

Tags: lula da silva