By Marcus Leach
A shared commitment to the global climate change agenda underpins the huge commercial opportunities arising from Brazil’s continued growth and infrastructure development.
The Deputy Prime Minister, Nick Clegg, is leading a UK delegation to Brazil this week, which will seek to build low carbon partnerships in one of the world’s fastest growing markets.
“Low carbon opportunities in Brazil are being heavily influenced by the demands placed on renewing infrastructure, particularly as Brazil looks forward to hosting the Football World Cup in 2014 and the 2016 Olympic Games in Rio de Janeiro. UK firms are well placed to share their expertise, with the London 2012 Olympics set to be the greenest on record,” Nick Clegg said.
Minister for Trade and Investment, Lord Green, who is visiting Brazil as part of the delegation said:
“With the UK government’s continued commitment to the low carbon agenda, UK companies are leading the way to a greener future as they drive forward innovative green technologies, solutions and services. UK firms such as Green Tide Turbines, who are part of this visit’s business delegation, are seizing on these growing opportunities to trade with Brazil.”
Brazil is the world’s seventh largest economy and accounted for around five per cent of the total low-carbon market, roughly £84 billion in 2008/09, and is growing fast.
The Deputy Prime Minister, Nick Clegg, is leading a two-day visit to Sao Paulo, South America’s financial hub, Rio de Janeiro, the host city for the 2016 Olympics and the capital, Brasilia. Lord Green, the Minister for Trade and Investment, who is accompanying, will be looking at opportunities for partnerships between UK and Brazilian companies and institutions at an event taking place at the Sao Paulo Governor’s Palace today.
Lord Green will also be speaking alongside Brazil’s Secretary of State for Environment, Bruno Cavas, at the Brazil and UK — a partnership to develop innovation and green business event. The Deputy Prime Minister and Minister for Universities and Science, David Willetts will also attend, along with Governor Geraldo Alckmin.
UK-Brazil low carbon fact file:
The UK market for low carbon and environmental goods and services is valued at more than £112 billion, within a global market value in excess of £3.2 trillion.
The opportunities are huge, and the potential for further growth is massive. By 2015 the global market is expected to be worth over £4.3 trillion. By then the UK market could be worth £150 billion and employ over 1.2 million people.
The UK exported £10.8 billion of low carbon and environmental goods and services in 2008, a 6.2 per cent growth on the previous year.
The last three years have seen a 500 per cent increase in the number of British companies coming to UK Trade & Investment for help with the Brazilian market.
At Sustainability Live in May 2011, UK Trade and Investment launched a new report on environment & water opportunities on Brazil. UKTI is also advised companies on working with third country partners, for example from Portugal, who already have market presence in Brazil, to form Joint Ventures or provide technology.
Brazil has the best science base outside the G8.
Brazil is the world leader in bio-ethanol production. More than three-quarters of the automobiles sold in Brazil have flex-fuel engines capable of running on petrol, ethanol, or a mixture of the two.
Cambridge marine start-up Green Tide Turbines (GTT), has lined up £20 million of potential investment in Brazil. GTT is developing a revolutionary method of generating energy from tidal power that is more efficient and cheaper to operate that existing technology. Whilst GTT is currently trailing the technology in the UK, it is also targeting some of the world’s most iconic waterways — including the Amazon.
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