US Agriculture trader buys Climate Change Capital

Bunge, a major US agricultural commodity trader, has announced it will purchase Climate Change Capital (CCC), an environmental investment firm based out of London.

(CCC) has focused on the European Unions Clean Development Market, but Bunge will likely have the firm focus on investment opportunities for California’s carbon market.

Set to launch next January, the California carbon market will demand over 10 million carbon offset credits annually.

Currently only four project protocols are approved for use in California, including livestock management and forestry.