Wednesday, September 14, 2011

How the market works (for Indian farmers)

It is hoped that next year it will be Australian farmers, but Carbon offsets paid to farmers in India are being used to offset the emissions generated by this year’s Carbon Farming Conference. The land-based offset credits will be derived from sugar cane used to generate energy. Ben Stuart, Director of Carbon Trading Exchange said “We wanted to demonstrate to farmers what it could mean for them by stepping in to this market. Through the simple offsetting of an event we can show how land-based projects can make money. Businesses will be able to buy CFI credits in Australia to offset their own carbon footprint and count towards their overall emissions reductions and the money will be generated back in to the Australian farming community.” Ben will explain at the Conference how these offsets were created and traded- from go to whoa. The entire event will be offset for the full three days, this will include the electricity for the event, as well as the on-site event set up and bump out. (All delegates and sponsors will be responsible for their own carbon footprint.)

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