Nestlé Chile signed an agreement with a japanese electric company to sell them the carbon credits of their Graneros Plant, according to the Kyoto Protocol Mechanism for the reduction of greenhouse gas (GHG) emissions worldwide and approved by the United Nations Framework Convention on Climate Change.
By converting this factory to propane gas and not using coal, it will stop emiting about 200.000 tons of CO2 into the atmosphere in the next 10 years. The Kyoto Protocol emissions rules have created a market in which companies and governments that reduce GHC gas levels can sell the ensuing emissions "credits". These are purchased by businesses and governments in developed countries that are close to exceeding their GHG emission quote.
This was the first carbon credit project in the Chilean industrial sector and the first one in the Nestlé Group.