There is a tax in place for CO2 emissions, and that tax is paid grudgingly by some countries. They fudge the figures to pay less and that practice is hurting the attempt to control CO2 pollution. Ricardo Guimarães would like to see stricter guidelines in place as well as reporting system that can’t be manipulated to pay less in taxes.
Ricardo Guimarães knows about taxes and the corruption that goes on in order to pay less. Brazil has been plagued with corrupt politicians that have imposed a tax structure that is too harsh on the middle class. Guimarães believes that the people of Brazil are honest and want to cut CO2 emissions. Brazilians want to keep the beauty that exists in the country intact for future generations, and they will pay an additional tax if the standards set by the members of the conference are violated.
Brazilians has been known to pollute their environment for economic gain, and so has Russia, India, China and the United States, according to Mr. Guimarães. The best way to solve the CO2 emission issue is for those countries to voluntarily impose a penalty if any company does not adhere to the standards set by the United Nations and the Organization for Economic Cooperation and Development.
The meeting in Paris helped bring some nations together, but there is more work to do. Ricardo Guimarães is used to hard work. Ricardo is a bank president, but he is also a mining, cattle and coffee entrepreneur. Guimarães has changed the way banks advertise in Brazil through his successful soccer club sponsorships. He wants to help control CO2 emissions in Brazil by promoting a grass roots approach to the issue. BMG Bank uses a grass roots approach to promote their loan division and it works. Once the people support an initiative things begin to change, according to Mr. Guimarães.
Things are changing as far as Co2 emissions are concerned. Carbon dioxide emissions dropped in 2015, but not all countries are helping to reach the goal of 50 percent less CO2 emissions by 2020.