Changing Times in Fiji
With commodity exports in decline, Fiji's biggest source of foreign exchange could soon be the sale of carbon credits to polluters overseas. The carbon trading market is doubling in value every eight months and eventually it could be worth a billion dollars a year to Fiji. Another untapped source of future income is the production of ethanol from Fiji's sugar. Such an industry would create processing jobs in Fiji and provide a steady market for the country's 22,000 cane farmers. Rather than trying to modernize its antiquated sugar mills, perhaps Fiji should be changing direction entirely.