How much would it cost to neutralize industrial emissions by 2050?
A new study by the National Confederation of Industry (CNI), presented during the COP28 climate conference in Dubai, shows that it would cost at least USD 8 billion (BRL 40 billion) to neutralize the sector’s greenhouse gas emissions by 2050, in line with Brazil’s commitment to the Paris Agreement.
What it says. Simply put, the cost of decarbonizing the Brazilian industry takes into account investments in low-carbon equipment and software within the sector’s business-as-usual spending with technology.
- The estimate is based on a review of previous studies from different segments. It takes into account not only the ability of some of the most polluting subsectors (such as steel and cement) to reduce emissions, but also regulatory advances such as the creation of a carbon market and forest offsetting schemes.
Yes, but … Indirect costs such as logistics and telecommunications were not included in these calculations, which means that the estimated cost of decarbonization could be higher.
Interconnected commitments. Furthermore, if Brazil does not eliminate illegal deforestation, it will not be technically feasible for the country...
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