Bunge is the lead investor in EcoInvest Carbon S.A. EcoInvest Carbon helps Bunge and other companies reduce their greenhouse gas emissions and implement renewable energy projects that earn carbon credits. EcoInvest registers and sells these credits to other companies through a special trading system that, in turn, creates economic incentives for additional investment in new, greener technologies.
The Kyoto Protocol to the United Nations established an 8 percent reduction target for greenhouse gas emissions in the European Union by 2008. EcoInvest helps companies achieve these reductions by implementing various projects set forth by the Kyoto Protocol. It measures, documents and validates the projects through the United Nations to earn carbon credits for its project partners. EcoInvest then trades these credits through the European Union Greenhouse Gas Emission Trading Scheme (ETS).
The EU established the ETS in January 2005. Through this marketplace, companies can sell the carbon credits they earn to other companies to help them meet their greenhouse gas reduction targets. Companies with environmental projects in the EU and elsewhere are eligible to receive carbon credits.
Based in Geneva, Switzerland, EcoInvest’s team of engineers works on a variety of environmental projects in North America, Central America, South America and Asia. These projects focus on methane capture, industrial cleanup and renewable energy. For example, EcoInvest has installed organic waste biodigestors in livestock farms in Brazil. Biodigestors use a natural process to treat organic waste and capture the methane gas it emits, which can then be used to heat farm buildings and water. These economic benefits are in addition to the income generated through the sale of carbon credits.
Bunge is the lead investor in EcoInvest Carbon S.A. EcoInvest Carbon helps Bunge and other companies reduce their greenhouse gas emissions and implement renewable energy projects that earn carbon credits.