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UN Suggests Removal Of Tariffs On Brazilian Ethanol
By Mr Ethanol | November 30, 2007
Xinhua:
The United Nations Development Program (UNDP) on Tuesday suggested the removal of tariffs charged by developed countries on the Brazilian ethanol in a bid to reduce the world’s climate change effects.
“The trade barriers and subsidies are, at the same time, elevating the costs with mitigating carbon gas emissions and with reducing dependence on oil,” said the Human Development Report 2007/2008 released by the UNDP in Brasilia.
The suggestion was made based on the statistics that the Brazilian ethanol, made from sugarcane, emits 70 percent less greenhouse gases than fossil fuels, while the ethanol made from corn, produced in the United States, offers only a 13-percent reduction.
The United States and the European Union have imposed barriers on Brazil’s ethanol, which almost doubles the price to consumers in those countries, according to Brazilian producers.
Topics: Brazil, Ethanol, News, Tax |
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