Recently, the need for offset credits through the voluntary carbon market is increasing as domestic companies’ ability to manage greenhouse gas emissions has been emphasized to respond to the rapidly changing global trade and investment environment.

In the “2050 Carbon Neutral Scenario” released in October 21, the need for voluntary carbon emissions in the ecological agriculture sector is expected to expand as it announced a plan to reduce net greenhouse gas emissions in the agriculture sector by 37.7% from 24.7 million tons in 2018.

G)The International Ecological Agriculture Network (Chairman Choi Jae-cheol, former Ambassador for Climate Change) and Atieco (CEO Kim Yu-mi) signed a business agreement at the ESG International Conference in Busan on the 12th to “use AORA, a voluntary carbon market platform for eco-agriculture reduction projects.”

The contents of the agreement include △ Raising awareness of domestic ecological agriculture △ Sharing information on ecological agriculture utilization reduction projects △ Supporting the voluntary use of carbon markets for ecological agriculture reduction.

The business agreement ceremony was a festival-type convergence event held in Busan City, and was held as a special session of the “ESG International Conference” of the world’s first film festival, the “First One and Only Global Film Festival,” which deals with climate change head-on.

Under the theme of “How to Reduce Greenhouse Gas through Ecological Agricultural Investment,” Professor Kim Pil-joo of Gyeongsang National University presented, and the introduction of the voluntary platform Aora and the agreement ceremony to link ecological agriculture with the voluntary carbon market were conducted.

G)Choi Jae-cheol, chairman of the International Ecological Agriculture Network, said, “Eco-agriculture is an effective way to reduce greenhouse gases and solve the food crisis, and we hope that climate change response using ecological agriculture will be activated through voluntary carbon markets.”

Kim So-hee, secretary-general of the Center for Climate Change, said, “The role of the voluntary carbon market in achieving carbon neutrality has greatly increased. We hope that this agreement will boost voluntary participation in the carbon market in the reduction project using ecological agriculture,” he said.

Aora is a voluntary carbon market platform launched in April by the Climate Change Center and ATECO to revitalize the domestic voluntary carbon market, and provides services such as voluntary carbon credit transaction support and reduction project verification by strengthening reliability of voluntary carbon emissions by adding publicity, external advice, and blockchain technology.

The Climate Change Center (former Environment Minister Yoo Young-sook), established in 2008, is the first non-profit organization in Korea to raise awareness and promote policy suggestions for various classes in Korea.

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