Fairtrade International and The Gold Standard Foundation announced an agreement to incorporate Fairtrade principles into Gold Standard carbon projects, with the first credits expected by the end of 2013. Through Fairtrade’s extensive network of farmer communities, thousands more smallholders in developing countries will be able to access the carbon market and receive much needed finance to mitigate and adapt to climate change.
For farmers this means a welcome opportunity to receive financial support for their efforts to mitigate the effects of climate change on their farms and communities, such as tree planting, reducing use of fertilizers and improved soil management. Some Fairtrade farmers have seen yields decrease by up to 50 percent over the past year. Research suggests that, due to climate change, yields will continue to decrease, threatening farmers’ livelihoods, impacting food security and global supply chains.
More at Fairtrade International post