IDES Corp, a joint venture between Itochu Corp. and Dowa Eco-System Co. Ltd. of Japan has been issued a corporate license by the Philippine SEC with a capitalization of P130M. Their business is to setup methane capturing biodigesters in Philippine swine producers then selling the carbon credit generated from it to Japanese companies who are complying with the Kyoto Protocol Framework set by their government.

They are expecting to generate about 150,000 tons of CER annually from 2009 from the swine farms near Manila. Long term they are also hoping to setup shop in other Asian countries. Methane captured from the swine manure will be burned.
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Hey just for the sake of history. Yesterday was the anniversary of the day that the kyoto protocol took effect. Easier said than done, were still not getting anywhere with saving the environment.

The only great news is that Australia has finally signed on.

Depending on what time zone you’re on. February 16th was the 1st year anniversary of the enforcement of the Kyoto Protocol.

According to Article 25:
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