SEOUL: One of South Korea’s biggest financial firms, NH Investment & Securities Co, is planning a push into agricultural carbon offsets as the segment rises in popularity.
Parent company Nonghyup Financial Group Inc is owned by more than two million member farmers, and that network can be utilised to generate new credits, according to Park Kun Hoo, head of NH’s client Solution Group
and who oversees a carbon finance team.
NH will aim to back projects that convert spent coffee grounds or cow manure into a charcoal-like substance called biochar, which can absorb and store carbon when it’s buried underground. — Bloomberg
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