RISK MANAGEMENT IN THE GREEN MARKET: A Case Study About Greenwashing: The Brazilian Governmental Program RENOVABIO

By Patrizia Tomasi-Bensik

The cracking story about RENOVABIO and the Brazilian sugar and alcohol sector in the biggest greenwashing scandal in history, a fable of greed, arrogance, abuse of economic power, and the certainty of impunity in a country that could be the biggest generator of carbon credits in the world, but has two highly impeding factors: corruption and ignorance. All of this is from the multifaceted and privileged perspective of Patrizia Tomasi-Bensik, a technical expert and member of the UN department on climate change that audits carbon credit certifying entities.

The incipience of the Green Economy favors wrongdoings. However, no greenwashing on the planet has gone as far as the Brazilian government program RENOVABIO.

And it all starts with a law. Evandro Gussi, an elected federal congressman for the sugar and alcohol sector in 2014, proposes a bill that creates a government program where the Brazilian biofuel sector produces carbon credits from absolutely nothing. The problem: the CBIO decarbonization credits are fake, and the RENOVABIO program typifies the crimes of embezzlement, market reserve, and ideological falsehood.

Being guaranteed by two first-line banks, Bradesco and Santander; the largest stock exchange in Latin America, B3; two international certifiers, SGS and Bureau Veritas and renowned academic and research institutions, EMBRAPA, Unicamp, and FGV; the fraud gains contours of legitimacy.

In 2017, the project became law number 13.576/17, and Gussi, ending his only term, was instated president of the largest association of sugar and alcohol producers in Brazil. The expectation of financial return? US$300 billion in 10 years.

Risk Management in the Green Market encompasses false theories related to the eco-sustainability of ethanol, the poisoning of the environment and indigenous children, soil impoverishment, and Amazon deforestation. Above all, the production of biofuels triggers hunger.

• Format: Paperback
• Language: English
• ISBN: B08WV3PQFB
• ISBN13: 9798710632192
• Release Date: February 2021
• Publisher: Independently Published
• Length: 218 Pages
• Weight: 0.90 lbs.
• Dimensions: 0.6" x 6.0" x 9.0"