Corporate monopolies may dominate the green economy – ETC Group

[Articles and opinion pieces published in this blog do not necessarily reflect the polices and opinions of the organizers of the International Conference on Degrowth in the Americas. They are posted here to stimulate discussion and debate on issues relevant to degrowth.]

First, the oil rush, then the biomass rush

[ETC Group, NEW DELHI 14 December 2011] The global push towards a ‘green economy’ risks being hijacked by large corporate monopolies trying to gain control over natural resources, a report has warned. There is a growing emphasis on the concept of a green economy in the run-up to the UN Conference on Sustainable Development (Rio+20), in June 2012, in Brazil. A green economy is widely seen as a way of tackling environmental challenges including climate change, failing fisheries and water security. But a report released earlier in December has warned that global companies, positioning themselves for a post-petrochemical future, may use the idea as a pretext for gaining control over biomass resources, which would eventually replace petroleum as the feedstock for energy and for industrial products.

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