Voluntary agricultural carbon markets, although currently in their infancy, have the potential to increase adoption of climate-smart agriculture practices by generating new revenue streams for producers who cut emissions or sequester carbon, while also increasing climate resilience.
Voluntary carbon markets, however, currently involve multiple carbon registries and protocols for different types of emissions reduction and carbon removal practices, with variable measurement and accounting approaches. This variation means that farmers, other credit developers and purchasers risk investing in poorly quantified and potentially reversible climate benefits.
Congress and the U.S. Department of Agriculture must act now to help ensure voluntary agricultural carbon markets work for farmers and the environment. Today, I testified before the House Agriculture Committee about three ways that they can best do this. Read More