Ethanol-fuel efforts get boost in Brazil

Germany plans to provide $31 million to help revive Brazil’s ethanol car program in exchange for CO2 emissions credits under the Kyoto Protocol’s Clean Development Mechanism (CDM). At the UN Summit for Sustainable Development in Johannesburg last month, Brazilian President Fernando Henrique Cardoso and German Chancellor Gerhard Schröder announced the creation of a joint task force charged with working out the details of the agreement by early December. The German funds will subsidize the production of new ethanol-powered cars, making each of the 100,000 planned vehicles 1,000 Reais ($310) cheaper for buyers. The deal’s organizers, Brazil’s Science and Technology Ministry and Germany’s Environment Ministry, hope German industry will provide the money in exchange for emissions-credit certificates granted under the CDM, says Gylvan Meira... [Log in to read more]

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