Saturday, October 13, 2007

In China, a Plan to Turn Rice Into Carbon Credits

From the Wall Street Journal:

Agriculture contributes more to total global greenhouse-gas emissions than the entire world transportation sector, according to a United Nations-sponsored panel. To Eric Rey, that sounds like the makings of a business plan....MORE

Lots of carbon market info. And a slideshow!!
Lauren Etter

Entrepreneurs around the globe are racing to feed the $30 billion market for carbon credits, which big Western companies are snapping up to help them meet emission reductions mandated by the Kyoto protocol. A growing number of businessmen see huge potential in tapping into agriculture -- the No. 4 producer of global warming gases.

One entrepreneur from California is focusing on rice in China -- the biggest crop of the biggest country -- in hopes there's a fortune to be made.