climate change

South American GM Soy close to get Carbon credits - Agribusiness lobby in the Climate negotiations

September 2009 - Javiera Rulli

As the UN Climate Change Conference 2009 (COP15) gets closer, a new agreement has to be signed for the period after 2012. It is becoming clear how agribusiness attempts to gain profits from the massive carbon credits market. Under the term “Conservation Agriculture”, Monsanto and other biotech allies have penetrated the Food and Agriculture Organisation (FAO) and the United Nations Framework Convention on Climate Change (UNFCCC) aiming to get carbon credits for agribusiness. A voluntary ‘responsible’ label for Roundup Ready soy sponsored by World Wild Life Fund (WWF), and a newly approved Clean Development Mechanisms (CDM) methodology are important steps for Agribusiness to get access to this three billion dollar business.

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