Carbon offsetting projects are one of the economic tools available to reduce agricultural emissions by paying for metric tons of avoided CO2e emissions. A summary of the emission reductions enabled by agricultural projects to date is provided in this report. It covers most projects certified by quality assurance standards, including those set up by the Kyoto Protocol (Clean Development Mechanism and Joint Implementation) and those in the voluntary market (Verified Carbon Standard, Climate Action Reserve, Gold Standard, Chicago Climate Exchange, and American Carbon Registry).

Life technology comes up with a bio-fuel research using genetic engineering which holds the key to resolve the issue of food security. Engineering microorganisms to convert complex feed stocks into Bio-fuel which holds a tremendous promise. Algae have recently received a lot of attention for being a new biomass source for production of renewable energy.

In this study, GNESD Centres in Africa, Asia and Latin America have analyzed biomass resource potential, energy policies promoting the deployment of bioenergy and how bioenergy can be effectively employed in bringing about rural development and poverty alleviation in eighteen countries across the globe. Findings from the study showed some interesting developments and success stories in the application of bioenergy for socio-economic improvements in rural communities in emerging economies and developing countries.

There is a growing consensus that universalisation of modern energy services is central to reducing major elements of poverty and hunger, increasing literacy and education, and improving health care, employment opportunities, and lives of women and children. In India, more than 700 million people lack access to modern energy services for lighting, cooking, water pumping and other productive purposes. Without these services people—most often women—are forced to spend significant amount of their time and energy on subsistence activities. This acts as a barrier to the gender development.