Brazilian Bank President Ricardo Guimarães Is Taking A Firm Position On Carbon Dioxide Emissions

February 10th, 2016

BMG Bank President Ricardo Guimarães is known as the football banker in Brazil. BMG Bank sponsors several football clubs. BMG Bank is considered the best bank in Brazil to get a low-interest payroll loan. Ricardo Guimarães comes from a family of bankers. His grandfather, Antonio, started the Land Credit Bank in 1930, and his son Flavio, and grandson Ricardo, followed in his footsteps. Antonio was also in the mining business, so Ricardo is very familiar with impact that CO2 emissions have on the planet.

At a recent conference in Paris, Ricardo Guimarães told the Organization for Economic Cooperation and Development that Brazil was working hard to cut CO2 emissions. Guimarães also said that the United States and the UK must do more to stop CO2 emissions around the world. The U.S. has been one of the main violators of CO2 emissions and so has India and China, according to Mr. Guimarães.

There were many speakers at the Paris conference, and most of them agreed that CO2 emissions are contributing to the increase in the earth’s temperature. Scientists at the conference said if the current rate of CO2 emissions continue, the earth temperature will increase by 2 degrees, and that will be enough to create extensive flooding around the planet. The scientists also said if the planet’s temperature keeps increasing at the current rate it will be hard to stop it from hitting a disaster mode.

The Organization for Economic Cooperation and Development wants to inforce emission standards around the globe. Violators will be taxed if they don’t reduce their CO2 emissions. Guimarães said developed countries like the UK and the United States should be the first developed countries to drastically cut their CO2 emissions since those two countries have been releasing excessive amounts of CO2 into the atmosphere for decades.

A study by the British University of East Anglia, and the Global Carbon Project did show that CO2 emissions in 2015 dropped by almost 1 percent. But in order to meet the goal of reducing CO2 emissions by 50 percent in 2020 more has to be done by all the countries that attended the meeting.

Mr. Guimarães said Brazil was trying to adopt a “green” imitative by using more wind and solar power and by starting a reforestation project in and around cities like Sao Paulo. Guimarães thinks Brazil will be one of the leaders in cutting CO2 emissions in the next couple of years because the country is changing its viewpoint on global warming. Global warming is a natural phenomenon, but it is also the result of human carelessness.

Follow Ricardo Guimarães on Twitter.

One Response to “Brazilian Bank President Ricardo Guimarães Is Taking A Firm Position On Carbon Dioxide Emissions”

  1. Sam Shawn says:

    Brazil is also undertaking a major reintroduction of native species in areas were companies have destroyed the natural beauty for financial gain. I have to admit that rush essay is really becoming something I really do not like.

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