Decarbonizing the Cane Business – Experiences From Brazil

The program is successful in that it has stimulated interest in improving field and industrial processes to reduce emissions per unit of biofuel sold. The projected impacts on CBio issuance and revenues now feature in the financial analysis of any new project at a cane mill. However, to date, the additional revenue that RenovaBio has created for biofuel producers has not been considered sufficient or reliable enough to catalyze the investment in new capacity that may be required in the long term to achieve the program’s ultimate goals. Today, RenovaBio operates as a closed market within a specific sector. As the necessity and ambition to see a wider and deeper carbon market evolve in Brazil’s agriculture and economy, RenovaBio may need to change with the times.