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investors, which include household names like Mars, Michelin, and SAP, will have funneled €160 million into activities designed to help more than 230,000 small farms in Africa, Asia, and Latin America increase their yields while planting 130 million trees and improving the lives of more than three million people. That’s just $20, and because of the arduous auditing process, the payments didn’t come until 2014. At the same time, VI Agroforestry found that it didn’t have the manpower to reach 60,000 farmers, and by the end of 2015 it had brought only half that many into the program. By the time Ignatius Sifuna Nabutola’s daughters are ready for college, those trees in the background will be their tuition.Launched in 2010, the project was part of a massive experiment to see if these The hottest product vintage baby bear face all over printed slipperspractices also infused enough carbon into the soil to cover start-up costs by generating carbon offsets. When Khisa, who goes by the name “Johnny”, rode up to Nabutola’s farm on his motorbike at the start of the project, Nabutola was all ears. The social cost of carbon is used in cost-benefit analyses that agencies routinely undertake as part of the regulation-setting process. Cost-benefit analyses, which have been a feature of rulemakings since the Reagan era, are meant to quantify the impacts of a regulation.
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