Brazil

Country indicators

GDP per capita - gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. (Source: World Bank)

GDP per capita
(USD):

10,672.18

Fossil fuel subsidies (USD, billions) - All consumer and producer pre-tax subsidies. Pre-tax consumer subsidies exist when energy consumers pay prices that are below the costs incurred to supply them with this energy. (Source: IMF)

Fossil fuel subsidies (USD, billions):

3.03

Fossil Fuel Subsidies as % of GDP - All consumer and producer pre-tax subsidies as percent of a country’s GDP. (Source: IMF)

Fossil fuel subsidies
(% of GDP):

0.15

Fossil Fuel Subsidies with externalities as % of GDP - All consumer and producer post-tax subsidies. Post-tax consumer subsidies exist if consumer prices for energy are below supply costs plus the efficient levels of taxation. (Source: IMF)

Fossil fuel subsidies with externalities (% of GDP):

2.43

Revenue from environmentally related taxes as % of GDP - All revenue from environmentally related taxes - defined as any compulsory, unrequited payment to general government levied on tax-bases deemed to be of particular environmental relevance – as percent of a country’s GDP. (Source: OECD)

Revenue from environmentally related taxes (% of GDP):

0.808

Carbon pricing gap - Measure of how much countries fall short of pricing carbon emissions in line with a EUR 60 benchmark value (midpoint estimate of the carbon costs in 2020 and a low-end estimate for 2030). The difference is presented as percentage: If the Effective Carbon Rate (ECR) on all emissions is at least as high as the benchmark, the gap is zero, and if the ECR is zero throughout, the gap is 100%. (Source: OECD)

Carbon Pricing Gap
(%):

News

BRICS summit is likely to strongly oppose carbon tax proposed by EU

2021-09-16

Brazil, Russia, India, China and South Africa may strongly oppose the proposed Carbon Border Adjustment Mechanism (CBAM) by the European Union at the 13th BRICS Summit on Thursday as the five developing countries will likely be the biggest losers from its implementation. In a veiled reference to CBAM, BRICS trade ministers last week cautioned that any measure to tackle climate change must be in conformity with multilateral trading rules and shouldn’t put arbitrary restrictions on international trade.

Latin America and Caribbean ‘failing to invest in sustainable post-Covid recovery’

2021-09-07

Environmentally sustainable post-COVID-19 spending in Latin America and the Caribbean lags behind the rest of the world, according to a new platform co-developed by the University of Oxford that showcases real-time data from 33 countries.

Banking on protected areas to promote a green recovery

2021-09-01

New study finds that conservation and tourism can go hand in hand, offering recommendations how to make it so

Reports

Política Fiscal y Cambio Climático: Experiencias Recientes de los Ministerios de Finanzas de América Latina y el Caribe (IDB)

2021-07-19

Finance and planning ministries play a central role in promoting fiscal policies that generate more and better jobs with the transition to green economies. Adequate fiscal planning would help the decarbonization of the region’s economies create 15 million net new jobs by 2030.

U.K. Spending 32 Times More On Fossil Fuels Than Renewables: Wärtsilä Report

2020-11-03

The U.K. government is squandering an opportunity to move towards a zero carbon future by pumping billions of stimulus cash into fossil fuels and all but neglecting renewable energy, according

Green fiscal policies: An armoury of instruments to recover growth sustainably (ECLAC)

2020-05-06

The present study seeks to explore how fiscal policies can employed to deliver both socioeconomic and environmental dividends with a focus on Brazil as a case study. In the current

Policy Briefs

Landscape of Climate Finance for Land Use in Brazil – Agricultural Credit Policy (CPI Repost)

2023-12-01

Rural credit is the primary climate finance instrument for land use in Brazil, amounting to an average of US$ 3.2 billion/year between 2015 and 2020. This value, however, represents only

Brazil – Country profile

2017-03-30

Background Brazil is an emerging economy with a population of approximately 206 million people and nominal GDP of US $2.346 trillion in 2014. The country is rich in petroleum, hydropower,

Brazil

Country indicators

News

BRICS summit is likely to strongly oppose carbon tax proposed by EU

Latin America and Caribbean ‘failing to invest in sustainable post-Covid recovery’

Banking on protected areas to promote a green recovery

Reports

Política Fiscal y Cambio Climático: Experiencias Recientes de los Ministerios de Finanzas de América Latina y el Caribe (IDB)

U.K. Spending 32 Times More On Fossil Fuels Than Renewables: Wärtsilä Report

Green fiscal policies: An armoury of instruments to recover growth sustainably (ECLAC)

Policy Briefs

Landscape of Climate Finance for Land Use in Brazil – Agricultural Credit Policy (CPI Repost)

Brazil – Country profile

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