What are carbon credits for agriculture?

ProducePay, in partnership with ALLCOT (Climate Change and Sustainability Services), announced in July of this year the creation of the first Carbon Offset Program for the perishable fresh produce agricultural industry; that is, for fruits and vegetables. This program will allow Latin American farmers to generate carbon credits from the implementation of sustainable practices. Which can later be sold on the international carbon market to generate extra income. Carbon credits are an international mechanism to promote the reduction of polluting emissions into the atmosphere by various industries. These credits are redeemable goods with an established market price. Each one is equivalent to one ton of carbon that is no longer emitted into the environment and, in turn, gives the company that acquires the bond the right to emit one ton of CO2. This action benefits companies that generate fewer emissions, since they can sell their securities to competitors that cannot reduce their carbon footprint.

For the exchange to work, sellers must guarantee that they carry out actions that support the reduction of pollutants, whether through renewable energy, reforestation programs, carbon capture technologies, etc.; On the buyers' side, the corresponding Timor Leste Email List payment for the bonds must be ensured. This strategy responds to the intensity of carbon emissions on the planet and the impact of the amount of food wasted today. In the case of the agricultural sector, it contributes 11% of global emissions. Likewise, although there are programs like these for the forestry sector or non-perishable crops such as wheat and soybeans; The fresh produce market has an economic value of more than $1.3 billion, so this sector of the industry has great potential to influence global carbon emissions. Within the and ALLCOT Carbon Offset Program, agricultural producers will obtain advice to implement sustainable practices, will have access to experts to individually develop the CO2 reduction project, and support to generate verifiable carbon credits and market them in the international market; which is estimated to have a value of 50 billion dollars by .



In this way, your sales opportunities with sustainably grown products will increase, contributing to the reduction of the carbon footprint throughout the value chain of fresh products and farmers will have an additional source of income. Buyers of these products (distributors, marketers or retail chains) will be able to benefit from the acquisition of products grown in a responsible way, reducing the carbon footprint in their supply chain; achieving sustainability goals and increasing transparency and traceability. ProducePay's Sustainability Strategy seeks to contribute to minimizing, mitigating and preparing for the impacts of climate change in the agricultural sector. Therefore, the reduction of the carbon footprint is promoted throughout the value chain of fresh products, promoting resilient practices among customers. Do you want to know more about how to reduce the carbon footprint of your agricultural production or how ProducePay drives the reduction of these types of emissions.