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Southeast Asia Rice Producers Cut Methane Emissions With Help From Startup .
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#Rize Tackles #Methane with #Innovation in Rice Farming Key Takeaways:
- Adoption of alternate wetting and drying reduces methane emissions by 50%.
- Incentives for farmers include lower input costs, driving a 98% retention rate.
- Expansion and carbon credits aim to scale impact and profits.
Further Insights
Methane Challenge: Rice cultivation, particularly in flooded fields, contributes to 10% of global methane emissions, a potent greenhouse gas.
Rize's Strategy: Singapore-based startup Rize facilitates the use of alternate wetting and drying in rice farming to halve methane emissions, offering farmers cheaper seeds and supplies as an incentive.
Funding and Expansion: With $14 million in Series A funding led by entities like Breakthrough Energy Ventures, Rize aims to expand its reach in Southeast Asia and enhance its business model with carbon credit sales.
Closing Thoughts: How can innovative financing and technology like Rize’s further transform traditional agriculture practices to meet global sustainability goals?