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The PricewaterhouseCoopers PwC Low Carbon Economy Index analyses has showed that Brazil is a good performer in going against the tide of developing countries that have declined in their carbon reduction. That country experienced higher than anticipated economic growth, while developing a stronger portfolio of renewable energy, and paving the way for further improvements in decarbonisation.

The PwC Low Carbon Economy Index looks at the G20 against a low carbon economy model and combines both GDP and emissions growth rates. A 50-year carbon budget is subsequently estimated for each nation, within an overall global carbon budget to meet the greenhouse gas stabilisation targets outlined by the IPCC.

Further, India had a low carbon emissions level per capita relative to other emerging economies, and so that county comes out on top when comparing carbon intensity across the nations that were studied. However, in spite of big targets and policy commitments announced last year, many of the worlds largest economies have not made any serious headway in reducing their carbon emissions.

There are several noteworthy statistics:

* Based on current numbers , the world will have used up an estimated global carbon budget for the first half of this century by 2034, 16 years ahead of schedule.
* Brazil has a 5.4% reduction in carbon intensity and that means they retain their top place in the PwC Low Carbon Challenge index
* The Indian government has announced a target of reducing its carbon intensity by 20-25% by 2020

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2. ‘Carbon emissions necessary for India’
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4. EU calls on China and India to reduce CO2 emissions
5. US says binding carbon cuts for India, China

Tags: Carbon Emissions, Carbon Reduction, low-carbon economy