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Feb. 12—RENVILLE — Farmers looking to adopt practices that improve soil health have an opportunity to tap into a growing market for carbon credits, and put a little more green in their ...
Seeds and farm chemicals company Corteva Inc will partner with farm technology and services provider Indigo Ag to broaden its U.S. agricultural carbon credits program for the 2022 season, Corteva ...
When Microsoft Corp made a massive purchase of carbon credits in January, it turned to a relatively new source: farmers who plant crops meant to trap carbon in the soil. The projects' owners can ...
Carbon credits are generated by planting native trees to capture, or sequester, carbon dioxide. The credits are then sold though the World Bank's BioCarbon Fund to countries aiming to meet their carbon emissions reduction targets. The project offers a unique business model because it is owned jointly by investors and the communities near the park.
For instance, National Farmers Union's Carbon Credit Program was a multi-state program that allowed farmers and landowners to earn income by storing carbon in their soil through no-till crop production and long-term grass seeding practices. Farmers Union had earned approval from the Chicago Climate Exchange to aggregate carbon credits.
Article 6.4 established a new international carbon market allowing countries or companies to use carbon credits generated in other countries to help meet their climate targets. Carbon offset and credit programs are coming under increased scrutiny because their claimed emissions reductions may be inflated compared to the actual reductions achieved.
In November 2020, Iowa farmer Kelly Garrett sold 5,000 carbon removals through Nori's carbon removal marketplace platform and Locus Agricultural Solutions. The buyer of the carbon credits was Shopify Inc, who used the carbon removal credits to help negate emissions from transporting goods sold on the Black Friday/Cyber Monday weekend. [19] [3]
Farmers are a crucial part of Biden's plan to address climate change, but the economics behind paying them to capture greenhouse gases are complex. Biden wants to pay farmers to grow carbon ...
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