Brazil will lose between US$ 417 billion (in an optimist scenario) and US$ 2 trillion of its Gross Domestic Product (GDP) per year by 2050 thanks to global warming. This means, in the worst scenario, the GDP might be reduced in 2.3% by the middle of the century.

This is one of the scary conclusions of a report just released by several Brazilian universities and the main specialists in climate and agriculture of the country. They worked for two years in a document that evaluates the possible impacts of the raising temperatures and climate instability. “It is like wasting a whole year of growth during the next 40 years”, says the study. (more…)

China and Brazil should work to tap the potential for cooperation and take advantage of their economic complementarity to help achieve economic prosperity of both countries, top Chinese political adviser Jia Qinglin said on Sunday.

Jia, who is in Amazonas state as part of his visit to Brazil, said at a meeting with state governor Carlos Eduardo de Souza Braga that Amazonas, with a strong economy and Brazil’s sole free trade area, has been the destination of investment by some Chinese companies, which have based their production here and sold products in Brazil and to other parts of South America.

China also welcomes Brazilian businesses, particularly those from Amazonas state, to seek opportunities for cooperation in China, said Jia, chairman of the National Committee of the Chinese People’s Political Consultative Conference. (more…)