World Bank unveils carbon incentive plan in Philippines

Aug 06, 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: MEPs back plans to slash use of plastic shopping bags

add to favorites email to friend print save as pdf

Related Stories

Hog waste producing electricity and carbon offsets

Sep 08, 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 ...

MRSA thrives even without antibiotics

Nov 07, 2011

The MRSA bacterium, which is resistant to antibiotics, has spread rapidly in the past few years on pig farms. Extensive use of antibiotics is thought to help it spread, but reducing the use of antibiotics is not enough to ...

South Korea approves emissions trading scheme

May 03, 2012

South Korea's parliament has approved a long-delayed bill to start trading carbon dioxide emissions in 2015, joining the vanguard of countries battling climate change.

Methane from microbes: a fuel for the future

Dec 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.

Recommended for you

Researchers question emergency water treatment guidelines

13 hours ago

The Environmental Protection Agency's (EPA's) recommendations for treating water after a natural disaster or other emergencies call for more chlorine bleach than is necessary to kill disease-causing pathogens ...

European climate at the +2 C global warming threshold

14 hours ago

A global warming of 2 C relative to pre-industrial climate has been considered as a threshold which society should endeavor to remain below, in order to limit the dangerous effects of anthropogenic climate change.

User comments : 0

More news stories

Melting during cooling period

(Phys.org) —A University of Maine research team says stratification of the North Atlantic Ocean contributed to summer warming and glacial melting in Scotland during the period recognized for abrupt cooling ...