Growing Returns

Selected tag(s): carbon

The importance of additionality and accurate baselines for carbon credit integrity

Forest carbon credits may prove to be a useful tool to reduce net carbon emissions from land use and supplement overall emissions reductions. To be effective, however, carbon credits must represent real carbon storage that can be measured and attributed to the crediting system.

One of the hallmarks of a high-integrity carbon credit program is that they ensure “additionality,” meaning that the credited carbon storage or emissions reductions would not have occurred without the sale of carbon credits. Put another way, we need to ensure that landowners aren’t getting credit for conducting business as usual, and instead, all carbon credits represent net emissions reductions that can be attributed to the crediting program. It’s a scenario we’re watching play out in California’s carbon market. Read More »

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New research shows how to improve the voluntary carbon market to accelerate investment in nature

The explosion of net-zero emissions commitments over the past few years from major companies and municipalities shows that institutions are ready to tackle climate change. While reducing industrial emissions of greenhouse gases is a clear and primary priority, achieving global net zero will hinge on investing in nature.

Natural climate solutions (NCS) have the potential to deliver at least 20% of the emissions reductions we need to reach net zero by the end of this decade. Plus, they can deliver other benefits like clean air and water, increased biodiversity, economic opportunities for local communities and enhanced protection against storms and flooding.

Despite their value, natural climate solutions receive less than 3% of public finance, and shortcomings in the voluntary carbon market have limited private investment.

New research in Science Magazine explores three pathways for improving the carbon market to help unlock private investment and nature’s ability to help us.

Read More »

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Nature-based climate solutions find traction on Capitol Hill. 5 things you need to know.

Forests are the nation’s largest terrestrial carbon sink, offsetting approximately 15% of carbon dioxide emitted in the U.S. each year. Grasslands, wetlands and coastal habitats also store significant amounts of carbon in soils, sediment and vegetation.  

Optimizing that carbon storage will be critical to meeting climate goals, and, with the right financial incentives, can create a new source of rural income.   Read More »

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Farmers and environmentalists want the same thing

Farmers and environmentalists want the same thing

I’m spending time on this year’s National Ag Day thinking back gratefully to a recent meeting I had with farmers.

I was attending the annual farm exchange program offered through the California Agricultural Leadership Foundation, which facilitates learning opportunities on California farms. This year’s program brought together state environmental policy professionals and growers from the Central Coast, an epicenter for growing the nation’s specialty crops, such as lettuce, broccoli, and strawberries. My aim was “to see sustainability through the eyes of farmers.” We toured various agricultural operations, had thoughtful discussions, and stayed with host families in the local farm community.

My host was Erin Amaral, who manages 1,170 acres of vineyards near San Luis Obispo. Erin and I got along immediately – and our conversations kept coming back to one central tenet: farmers and environmentalists want the same things. Read More »

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