# The Good Rice Alliance is an entity equally held by three global companies.

*biotech · news · 2026-04-21 · The Economic Times*

## Key points

- Amazon signed a $30 million agreement with Good Rice Alliance to buy Indian agricultural carbon credits.
- This is India's first agricultural carbon credit deal of such scale and among the largest globally.
- The deal involves over 685,000 metric tonnes of carbon-dioxide-equivalent credits in the initial phase.
- Good Rice Alliance supports 13,000 Indian farmers to adopt sustainable rice cultivation reducing methane emissions.
- Most previous large carbon credit deals focused on renewables, not agriculture.

**Companies:** Amazon, Bayer, Shell, Temasek
**Countries:** India, Germany, Singapore, United States, Netherlands

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/news/economy/agriculture/amazon-signs-30-million-deal-to-buy-carbon-credits-from-indian-rice-farmers/articleshow/130426455.cms)

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