Carbon Emissions Trading
Agriculture is more vulnerable than most other sectors climate change. The severity of the impact depends on the exposure of people and assets to risk. It is important to improve the resilience of agricultural ecosystems in order to reduce the potential risk and severity of climate change impacts. The concept of sustainable agriculture should include the capacity to adapt to modern forms of farming and changing the way land is used to grow food crops.
These principles underpin the CPRSX Climate Change Action Plan™ which not only encourages adaptation but also strives to generate sustainable revenue and income streams for continued socioeconomic growth and reinvestment into expanding our projects into other developing countries. The initial target revenue streams emanate from our REDD+ projects, reforestation, biomass / trees and soil carbon sequestration to enable emissions trading.
Emission trading is a powerful tool for off-setting emissions, because it encourages technology and management innovation for the deployment of new emissions reduction pathways, where possible. Emissions trading is preferable to carbon taxes because it adopts the principal that those that pollute the atmosphere, must off-set their carbon footprint by paying a price for each ton of carbon pollution emitted. It is an economically efficacious means of placing a price on each ton of carbon pollution.
The European Emissions Trading covers power stations, oil refineries, steelworks, producers of iron, aluminium, cement, paper, glass and airlines- in total, more than 11 000 power plants and factories only in Europe where participation is mandatory for 28 EU member states plus Iceland, Liechtenstein, and Norway. Companies need to buy European Emission Allowances (EUAs) for every tonne of CO2 they emit within one calendar year. They are fined if they emit more CO2 than covered by their emission allowances.
EU Emissions Trading System is a market in carbon dioxide. The market experienced carbon permit prices surge to a record as buyers and speculators bet on stricter policies to meet emission-reduction goals and to increased demand from industrial buyers and market investors wanting to acquire ERU’s and pollution rights. Carbon futures also performed well by clearing 41 Euros a metric ton for the first time in the EU’s 16-year-old cap-and-trade emissions market, the largest in the world. The contracts have climbed 26% this year, and are up five-fold since 2018. When prices dropped below 37 euros in recent weeks, industrial buyers scooped up the permits pronto.
Our emission trading revenue will target commercial growth, climate change adaptation education, poverty, food and water insecurity, social well being, tree planting and returning our JV Partner’s farmlands to their natural forested state. We are on a mission is to raise as much Climate Change funding as possible to replicate our Climate Change Action Plan – Philippines wide and to do the same in other developing countries and select African states.
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