In the era of the Kyoto Protocol, where polluters pay more environmentally friendly businesses and services for ‘carbon credits’, a group has been formed to ready the food industry to profit from the situation.
Go deeper with GlobalData
The Consortium for Agricultural Soils Mitigation of Greenhouse Gases groups nine US universities and several American government agencies to set out the financial benefits.
Since farm crops pull carbon dioxide from the atmosphere as part of photosynthesis, the consortium says the food industry will probably be a prime carbon credit seller.
Many large companies, including DuPont, Ford Motor Company and International Paper, have already promised to reduce greenhouse gas emissions and have joined an organisation called the Chicago Climate Exchange, which will eventually match these companies with carbon sequestrators such as the food industry.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
