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Fin24 reports that a game-changer in Western Cape agriculture has seen farm workers benefiting from carbon credits earned through a climate change mitigation initiative.
Twenty-seven workers on the Spier estate in Stellenbosch, which is an organically certified estate practicing regenerative farming, are to share half the R204,000 paid out from carbon credits. An average of R4,000 was given to each worker, with those managing the cattle component receiving a larger portion of the credits. The farm acquired the credits for sequestering 6,493 tonnes of carbon dioxide in its soil. The credits were bought by a South African bank, brokered by Credible Carbon, a business dedicated for making carbon work for the poor as it facilitates carbon trading through credits earned for reducing greenhouse gas (GHG) emissions and global warming.
- Read this report in full at Fin24
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