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Agriculturists can also play their role
in combating pollution
ISLAMABAD: Apart from governments and industrialists, the planters as
well as agriculturists across the globe can also play their role in
combating pollution ensuring clean environment for the generations to
come, said a lead carbon trader.
Awareness for a better environment is increasing in Pakistan and a
number of industrial giants have shown their interest in playing their
role for a greener Pakistan, said Toby A. Tikinsky, Country
Representative, EcoSecurities, here Sunday.
"A big fertilizer company and a NGO have already entered in business
deals with us and a lot of others have been expressing interest," said
Tikinsky.
Officials in a number of thermal power plants, coal-fired stations,
industrial units, oil and gas companies, cement factories and other
industrial giants are apprising themselves of the carbon credit and some
may tie up with EcoSecurities soon.
"Companies that view environmental compliance as an additional expense
would soon know that this has become profitable for them," said Tikinsky.
Agricultural producers and landowners can earn income by storing carbon
in their soil through different methods. (Like no-till crop production
and long-term grass seeding practices).
Through photosynthesis, plants absorb carbon dioxide from the air,
release oxygen back to the atmosphere, and store carbon in their roots
and other residues. Eliminating tillage lessens the amount of carbon
released back into the atmosphere.
Also, lead agriculturists can come forward and start Carbon Credit
Programs in their respective areas which would also improve the
financial status of farmers, he said.
The idea of buying and selling carbon credits (CC) is new in Pakistan
therefore it will take its due time before it becomes a commonly
understandable phenomena, he told reporters during a recent signing
ceremony.
Pollution is being increased so is the need for combating it. In 2003,
78 million tonnes of carbon credits were traded while in 2004,
transaction in carbon credit rose 38% to 107 million tones and the
number is increasing which shows acceptance of the CC in developing
markets, UK based EcoSecurities said recently.
In 2004, 40 developed countries emitted 17.8 billion tonnes of CO2
equivalent (CO2e), the highest since "the early nineties". While
emissions in 2004 were 4.6 per cent below 1990 levels, the UNFCCC has
said 2003 emissions were 5.9 per cent below 1990 levels. Greenhouse gas
emissions dropped after 1990 due to the collapse of central and easern
European economies.
The Korean government has recently decided to offer cash incentives to
manufacturers who voluntarily reduce their greenhouse gas emissions
while Japan’s Ministry of Environment has requested a budget of 7.3
billion yen to purchase Kyoto credits in the fiscal year 2007.
Its high time that Pakistan’s private sector and agricultural community
join hands for a cleaner and low-carbon economy.
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