Upload
martha-woods
View
214
Download
0
Tags:
Embed Size (px)
Citation preview
• So what is the GreenPalm Programme?
• Web based trading platform
• Trades the certificates not the oil
• It’s like carbon trading!!!
• But easier!!!!!!!
• It is an incentive and reward system for those complying with the RSPO’s certification programme
GreenPalm
• Certified producer registers volume for sale in GreenPalm system.
• 1mt of crude CSPO = 1 GreenPalm certificate
Producer places an offer
GreenPalm
• End user calculates their oil palm consumption • Derivates 1 for 1
Place bidcovering volume
GreenPalm
GreenPalm
• Producer receives full value of certificate– Sells physical oil into their usual market– At mainstream price
GreenPalm
• End user redeems certificate– Has right to make a sustainable claim– Buys physical oil from preferred supplier– At mainstream price
“Supported the production of RSPO
CSPO”
GreenPalm
• Proposal to trade directly from smallholder to end product manufacturer
• Agree conversion rates from FFB to– CPO– CPKO– Others - PK Expellers etc
• Allow smallholders to maximise premium
GreenPalm
• Smallholder receives full value of certificate– Sells physical FFB’s into their usual market– At mainstream price
Smallholder
GreenPalm• 180,000 certificates traded in the first 12 months
• A staggering $2.1mln in “rewards” to the plantations
• Of the 11 producers certified 10 are members of GreenPalm
• 8 of whom have been “financially rewarded”
• If you don’t export your production GreenPalm is the only option that allows you to earn a premium
• There are end users who want to directly support smallholders