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The Good Rice Alliance is an entity equally held by three global companies.
Amazon signed a $30 million agreement with Good Rice Alliance to buy Indian agricultural carbon credits.
KEY POINTS
- 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
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