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Business Daily: Biofuels and the Price of Climate Change

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12/06/2015

Biofuels and the Price of Climate Change

BBC World Service - Business Daily, Biofuels and the Price of Climate Change

Brazil's struggling biofuels, pricing carbon emissions, and Live8 10 years on.

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)

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