Climate-Smart Goods in Brazil: Trends, Opportunities, and Trade Policy Implications
DOI:
https://doi.org/10.54536/ajec.v4i1.3937Keywords:
Climate Smart Goods, Environment, TradeAbstract
This study analyzed Brazil’s Climate-Smart Goods (CSG) trade from 2000 to 2023. While Brazil’s overall trade expanded significantly, CSG trade, though growing, remains a small fraction. A persistent trade deficit in CSGs indicates a reliance on imported sustainable technologies and limited domestic production. Despite fluctuations, CSG trade has shown steady growth, suggesting a growing alignment with global sustainability goals. However, CSGs constitute a small portion of Brazil’s overall exports, highlighting untapped potential in the domestic CSG sector. These findings suggest that Brazil can enhance its role in the global CSG market by implementing policies that foster domestic production and reduce import reliance. Such a shift would not only improve Brazil’s trade balance but also contribute to its climate objectives and sustainable development goals.
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