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Climate Change

Sumitomo to sell emissions credits for farmland improvement

Japan trading house explores deal with US startup Indigo

By using organic fertilizers and switching to environmentally-friendly farming methods, the amount of carbon that plants absorb into the ground is increased. (Photo courtesy of Sumitomo Corp.)

TOKYO -- Japanese trading house Sumitomo Corp. has entered into a memorandum of agreement with U.S. agricultural startup Indigo Ag in the greenhouse-gas emissions allowance business utilizing agricultural land to store carbon dioxide.

Sumitomo's new business launch comes as it seeks to cultivate a novel market that could help address climate change.

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