World Bank unveils carbon incentive plan in Philippines

August 6, 2012
Piglets are seen at a small family farm north of Manila in 2009. The World Bank said on Monday it plans to buy carbon credits from pig farms in the Philippines, helping farmers generate extra income by setting up environment friendly waste treatment facilities.

The World Bank said on Monday it plans to buy carbon credits from pig farms in the Philippines, helping farmers generate extra income by setting up environment friendly waste treatment facilities.

Under the program it will finance the installation of such waste treatment systems that will capture from pig manure which could be used to generate electricity, thereby reducing dependence on fossil fuels.

The World Bank's Carbon Finance Unit will buy carbon credits from farms that instal such systems, helping farmers secure an additional source of income, it said in a statement.

"This is the first programme of activities from the Philippines to be registered and it is the first... in the animal waste sector in Southeast Asia, a region home to a significant number of the world's pigs," World Bank carbon finance specialist Nick Bowden was quoted as saying.

About 100,000 tonnes of carbon credits could be earned each year through the program, the statement said, without providing details on what price it would pay for credits.

The project, supported by the World Bank and implemented by the state-run Land Bank, will be carried out under the that includes a programme for extracting methane, a , from pig farms.

Explore further: Methane from microbes: a fuel for the future

Related Stories

Methane from microbes: a fuel for the future

December 10, 2007

Microbes could provide a clean, renewable energy source and use up carbon dioxide in the process, suggested Dr James Chong at a Science Media Centre press briefing today.

Hog waste producing electricity and carbon offsets

September 8, 2011

A pilot waste-to-energy system constructed by Duke University and Duke Energy this week garnered the endorsement of Google Inc., which invests in high-quality carbon offsets from across the nation to fulfill its own carbon ...

Recommended for you

Global index proposed to avoid delays on climate policies

August 4, 2015

Professor David Frame, Director of Victoria's Climate Change Research Institute (CCRI), has co-authored a paper published today in the high profile international scientific journal Nature Climate Change. The paper argues ...

Researchers investigate increased ocean acidification

August 3, 2015

The primary cause of global ocean acidification is the oceanic absorption of CO2 from the atmosphere. Although this absorption helps to mitigate some of the effects of anthropogenic climate change, it has resulted in a reduction ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.