Growing Returns

Selected tag(s): Carbon Offsets

New project guarantees payment for growers who implement conservation measures

Arkansas rice farmers participating in agricultural carbon markets.

Arkansas rice farmers participating in agricultural carbon markets. Credit: Adam Jahiel

Early adopters of innovative land-based conservation measures are rarely given an adequate reward for participating in agricultural carbon markets. But that’s all about to change, thanks to a nearly $1.2 million USDA Natural Resources Conservation Service Conservation Innovation Grant (CIG) that will leverage private capital investment into agricultural carbon offset practices and ensure that producers are paid for their efforts.

These efforts will guarantee the sale of at least 100,000 tons of credits over the next three years. Here’s how it will work. Read More »

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California’s new nitrogen assessment highlights promising solutions for reducing fertilizer losses

Sara KroopfA team of researchers spent seven years dissecting, analyzing and reporting on California’s nitrogen cycle, and the results are eye-opening.

Nearly 2 million tons of nitrogen are imported into the state each year. Almost a quarter of it is lost through leaching into groundwater – with runoff from cropland accounting for nearly 90 percent of this leaching. Excess nitrates in drinking water can cause health problems when consumed by at risk populations. Four percent of the state’s nitrogen is lost to the atmosphere as nitrous oxide, a potent greenhouse gas 300 times more potent than carbon dioxide.

But the California Nitrogen Assessment (CNA), released by UC Davis’ Agriculture Sustainability Institute, also provides a never before seen level of detail on nitrogen movement in the state. There’s no silver bullet for reducing environmental impacts while keeping growers profitable. Yet information is power and the more we know, the more we can tailor and prioritize solutions.

The UC Davis team investigated various political, social and economic ideas for reestablishing our state’s nitrogen balance. Two of the most promising solutions for California agriculture to address what the CNA calls “critical control points” include enhancing fertilizer efficiency and expanding carbon markets for agriculture. Read More »

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Why investments in agricultural carbon markets make good business sense

Farmers shaking handsOver the past decade, private investment in conservation has more than doubled, with sustainable forestry and agriculture investments as the main drivers of growth. This unprecedented expansion in “impact investing” or “conservation finance” has occurred as investors seek good returns that can also benefit the environment.  According to Credit Suisse, sustainable agriculture is particularly appealing to investors as it offers a wider array of risk mitigation approaches than sectors such as energy and transportation.

Yet despite this boom, there has been very little investment from private capital in emerging ecosystems markets, especially in the agricultural sector.

We’ve blogged before about the benefits growers – and the environment – realize from participating in agricultural carbon markets or habitat exchanges. But here’s why the private sector, food companies and retailers should invest in agricultural carbon markets. Read More »

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Want to bring ag sustainability to scale? Collaboration, not confrontation.

Farmers picking cornOne year ago, the U.S. Department of Agriculture announced 10 “building blocks” for climate-smart agriculture and forestry, with the goal of reducing greenhouse gas emissions by over 120 million metric tons by 2025.

The agency’s focus on partnering with farmers and ranchers – as well as with the private sector – was a huge step in the right direction toward widespread implementation of climate-smart agriculture techniques and programs.

Tomorrow, USDA Secretary Tom Vilsack will announce another big investment in conservation stewardship and climate-smart agriculture approaches to advance the building blocks agenda. I’ll be joining Secretary Vilsack to talk about EDF’s partnerships within the agricultural supply chain and our collaborative approach to ag sustainability.

Working across public-private sector lines, through a collaborative approach, and with the entire ag supply chain is the only way to bring sustainability to scale while protecting farmers’ livelihoods.

Here’s what key sectors of the ag supply chain are doing – and can do – to improve water quality, reduce greenhouse gas emissions, and increase agricultural resilience. Read More »

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Carbon markets in agriculture are the next big thing

Scuba diving in the Great Barrier Reef.

I knew I wanted to focus my career on protecting the world’s great places, says Robert Parkhurst, pictured snorkeling in the Great Barrier Reef.

In 2006 California passed AB 32, legislation requiring the state’s Air Resources Board to develop market mechanisms to reduce the state’s greenhouse gas emissions to 1990 levels by 2020. It was a watershed moment, and I was lucky enough to be at the event where Governor Schwarzenegger signed the bill.

Even back then I saw the potential for environmental markets to improve climate stability by engaging, rather than penalizing, business. That’s why I’ve spent the past 10 years – seven with electric and information technology companies and the most recent three at Environmental Defense Fund – working to make agricultural GHG reduction programs a reality.

But my passion for conservation started long before passage of AB 32. Growing up in the San Francisco Bay Area, I spent nearly all my free time outdoors, largely through Boy Scouts where I became an Eagle Scout. The moment I earned merit badges for water and soil conservation, I knew I wanted to focus my career on solving environmental challenges and protecting the world’s great places. I’ve been extremely fortunate to spend Thanksgiving atop Mount Kilimanjaro, Christmas on the Great Barrier Reef, and New Year’s Eve soaking in the natural beauty of New Zealand.

I believe carbon markets are the best tool we have for limiting emissions from agriculture, maintaining yields, and ensuring a food secure future.

These days my camping excursions involve my son and daughter, who are lobbying me to buy a plug-in electric car. Seeing my kids share that same excitement for solving environmental challenges brings a smile to my face like nothing else can.

That’s why I’m working to build a $2 billion market for agricultural greenhouse gas reductions by the end of 2020. I believe carbon markets are the best tool we have for limiting emissions from agriculture, maintaining yields, and ensuring a food secure future. Read More »

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New climate change report is an urgent call to action for agriculture

Credit: Flickr user Bruno Monginoux

Credit: Flickr user Bruno Monginoux

The USDA today released a new scientific assessment at the United Nations negotiations in Paris that found climate change will pose a significant threat to food security and to farmers.

National Public Radio’s Dan Charles said it best in his latest story:

“Chances are, you’ve picked up some chatter about the new global talks on climate change. If you can’t quite see how it matters to you, personally, you might want to take a peek inside your pantry. Or your candy jar. Because it might just affect your access to everything from cheese to chocolate.”

Today’s report represents an urgent call to action for food companies, policymakers and agribusinesses to collaborate in reducing emissions from food production and implementing farming practices that increase resilience.

We have the tools at our disposal to make sustainable agriculture a reality. But to implement these measures at scale, we need increased investment from the private sector and collaboration across the agricultural supply chain. We need to go beyond commitments and towards on-the-ground support for farmers. Read More »

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Grasslands protocol opens another carbon market for farmers

GrasslandsGrowers with grasslands on their property have a new reason to leave that land untouched.

On July 22, the Climate Action Reserve, a non-profit organization that creates offset standards and serves as one of the offset registries for California’s cap-and-trade program, approved a new protocol that rewards farmers for avoiding the conversion of grasslands to cropland.

The new “grasslands protocol” highlights a growing trend in agriculture: farmers being paid for reducing greenhouse gas emissions. Read More »

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It’s official! Rice farmers now eligible for carbon offset payments

Credit: Brian Baer Photography

The door is officially open for crop-based farmers to participate in carbon markets and earn new sources of revenue. The California Air Resources Board (ARB) just approved a new protocol for rice growers, representing the first ever carbon offset protocol for crop-base agriculture in a compliance market.

This means rice growers who implement conservation practices to reduce methane emissions can create and sell a greenhouse gas credit, commonly referred to as a “carbon credit.” Regulated California companies needing to reduce their emissions under California’s cap-and-trade program can now buy rice growers’ carbon credits.

The rice protocol milestone marks a new chapter for sustainable farming and shows the central role agriculture can play in solving the climate challenge.

ARB can now move forward in developing other agricultural offset protocols. The most interesting is a nutrient management protocol that would reward farmers who reduce nitrogen fertilizer losses to the air.

This “fertilizer protocol” has enormous potential for farmers and the environment – more than 400 million acres of cropland could be eligible for participation, and growers could contribute millions of tons of greenhouse gas reductions.

Here’s how the rice protocol works. Read More »

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Why the food movement is alive and well

silverware 2 up closeMark Bittman’s recent New York Times op-ed, “Let’s Make Food Issues Real,” is a grim assessment of the current state of the food movement – in fact, he questions whether a food movement exists at all.

Bittman states that the lack of major change to government food policies means the food movement is not winning. “I’ll believe there’s a food movement when Hillary Clinton and Jeb Bush are forced to talk directly about food issues,” Bittman writes.

I’ll take that bet. With the drought in California threatening the nation’s produce and the other impacts climate change pose to our food supply, I think it’s likely that the next group of presidential candidates will discuss food issues on the campaign trail. Read More »

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Action by California farmers necessary to reach state’s new emissions target

Robert Parkhurst was in Los Angeles yesterday speaking at a conference on Navigating the American Carbon World. His panel is discussing the “Future Offset Supply.”

Robert Parkhurst was in Los Angeles yesterday speaking at a conference on Navigating the American Carbon World. His panel discussed the “Future Offset Supply.”

California Governor Jerry Brown issued an executive order this week ramping up the state’s already ambitious greenhouse gas reduction goal, setting a new target to reduce emissions by 40 percent over 1990 levels by 2030.

“With this order, California sets a very high bar for itself and other states and nations, but it’s one that must be reached — for this generation and generations to come.” – California Governor Jerry Brown

This new target is a timely and significant step in securing a more resilient future for California, which is currently experiencing one of the most severe droughts in the state’s history. But it’s a tall order – and one that will require an array of aggressive strategies across all sectors.

Fortunately, crop-based farmers are well-positioned to help. Read More »

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