Staff at an influential corporate climate action group whose board announced a plan to allow companies to offset greenhouse gas emissions from their supply chain with carbon credits has now found such offsets are largely ineffective, a confidential preliminary draft reviewed by Reuters shows.
POET and Summit Carbon Solutions (Summit) announced a partnership connecting the world’s largest biofuel producer with the world’s largest carbon capture and storage project.
The number of farms in the US planting cover crops is rising. In September 2020, 40% of farms surveyed for the Purdue University/CME Ag Economy Barometer said they intended to plant cover crops that fall. In September 2022, that number jumped to 57%.
A group of companies called the Agricultural Climate Market Collaborative believes that lack of “transparency” is one of major road blocks to acceptance. To address transparency, the Collaborative developed eleven principles to guide carbon ecosystem marketers when forming these new contracts with growers.
The soil carbon market is based largely on theoretical carbon offsets derived from complex algorithms, and in some cases artificial intelligence. While the mathematics that go into predicting these offsets is undoubtedly impressive, the predictions will invariably require ground-truthing.
The USDA is looking to create a set of pilot projects that provides incentives to implement climate smart conservation practices on working lands and to quantify and monitor the carbon and greenhouse gases associated with those practices. The pilot projects could even expand or develop new and additional markets.
There has been a lot of buzz concerning the carbon credit market. This article from University of Minnesota Extension discusses the importance of carbon and carbon markets, what they can offer producers in the Upper Midwest and what questions you should consider when investigating carbon credits.
It seems like almost every month companies of various sizes across many industries are announcing new sustainability commitments, along with sustainability programs and markets that farmers and ranchers can participate in. Advancements in technology and increased capital have provided farmers more opportunities to generate additional revenue from participation in those markets. Read more in this article from Southern Minnesota.
The National No-Tillage Conference returns January 7-10, 2025!Build and refine your no-till system with dozens of new ideas and connections at the 33rd Annual National No-Tillage Conference in Louisville, Ky. Jan. 7-10, 2025. Experience an energizing 4-day agenda featuring inspiring general session speakers, expert-led No-Till Classrooms and collaborative No-Till Roundtables. Plus, Certified Crop Adviser credits will be offered.
Last week we had boots on the ground at the Big Soil Health Event in Cedar Falls, Iowa where agronomist David Kleinschmidt emphasized the importance of considering Carbon to Nitrogen ratios of cover crops and residues.