Amazon signs $30 million carbon removal deal with Good Rice Alliance to purchase 685,000 tons of credits from Indian rice farmers

Amazon signed a $30 million carbon removal deal with the Good Rice Alliance to purchase 685,000 tons of carbon removal credits generated by Indian rice farmers. The initiative, a subsidiary of Bayer, collaborates with GenZero, Temasek, and Shell Nature-Based Solutions to reduce methane emissions from rice cultivation through sustainable farming methods. The Alliance works with over 13,000 smallholder farmers across India, providing training and financial incentives to adopt improved water management techniques that slash methane emissions. Current rice farming practices, which involve flooding paddy fields, contribute up to 10% of global methane emissions, making this project critical for climate mitigation. The deal follows similar carbon removal agreements by Microsoft and Google in India, highlighting the country's growing role in carbon removal markets.

Counterparts (6)

Investor

S

Shell Nature-Based Solutions

company · 1 deals

Temasek Holdings

company · 2 deals

Temasek Holdings is a Singaporean sovereign wealth fund that invests globally across a variety of sectors. Their investment strategy focuses on long-term trends and opportunities, including sustainable living, future of consumption, longer lifespans and a more connected world.

GenZero

company · 2 deals

Singapore-based investment platform company founded by Temasek, focused on accelerating global decarbonisation through patient capital investments in nature-based solutions, climate-driven technologies, and carbon ecosystem enablers.

Buyer

Amazon

company · 10 deals

Amazon is actively investing in renewable energy to power its operations, both through direct acquisitions and power purchase agreements. They are expanding their portfolio with solar-plus-storage and nuclear energy in the US. Furthermore, Amazon is collaborating with energy companies and acting as an offtaker for renewable energy projects in Europe, including wind power in Poland and broader renewable energy initiatives in France.

Developer

Good Rice Alliance

company · 1 deals

parent_company

B

Bayer

company · 1 deals