Net Zero Carbon Joint Stock Company has agreed to purchase nearly 17 tons of CO2e emission reductions from rice cultivation in Đắk Lắk province for $20 per ton. The company also awarded a CO2e emission reduction certificate to the Đắk Lắk Department of Agriculture and Rural Development. This marks the first successful sale of CO2e emission reductions from rice in Viet Nam, derived from the pilot model "Green Rice Solutions for Emission Reduction and Increased Productivity" in Dak Lak.
The low-emission rice farming model was implemented during the 2023-2024 winter-spring crop season over an area of 4.2 hectares in Binh Hoa commune, Krong Ana district, Dak Lak province. This model aims to establish a closed-loop rice cultivation process: "Cleaner, greener rice with higher productivity while measuring and certifying greenhouse gas emission reductions."
The model follows the International Rice Research Institute's (IRRI) alternate wetting and drying cultivation method, combined with using Nano composite products from BSB Nanotech and the CO2e emission reduction reporting process by Net Zero Carbon Joint Stock Company.
After three months of implementation, the model has shown positive results. Compared to the control model, the average yield reached nearly 11.7 tons per hectare (an increase of over 0.93 tons per hectare), while investment costs were reduced by almost 2.9 million VND (a reduction of 9.44%). More importantly, the model has helped farmers shift away from traditional farming practices, reducing environmental pollution and improving rice paddies. Additionally, the model contributed to a reduction of nearly 4 tons of CO2e greenhouse gas emissions per hectare.