Growing Returns

Selected tag(s): emissions

Agricultural banks expect climate change to pose financial risks. Here are five strategies to help them adapt.

By Vincent Gauthier / Bio / Published: March 21, 2023

Climate change is projected to impact agricultural production worldwide, and 87% of agricultural finance institutions in a recent survey expect it to present risks to their business. Meanwhile, only 24% significantly factor climate change into their decision-making processes.

A new guide from EDF and Deloitte offers five strategies for agricultural finance institutions to manage climate risks and act on climate opportunities. These five strategies integrate climate into agricultural finance institutions’ existing risk frameworks and take a proactive approach to help farmers and ranchers adapt to climate change:

Posted in Uncategorized / Also tagged adapat, agricultural finance, climate change, Deloitte, farmers, GHG, risks | Comments are closed

The importance of additionality and accurate baselines for carbon credit integrity

By Nina Randazzo / Published: March 3, 2023

Credit: Dawn Rain, Kings Canyon National Park, California, United States via photopin (license)

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 »

Posted in Carbon Market / Also tagged carbon, carbon credit, credit integrity, forestry, natural climate solutions | Comments are closed

Danone commits to cut dairy methane emissions in partnership with farmers and EDF

By Katie Anderson / Bio / Twitter profile / Published: January 17, 2023

Even if we completely eliminated fossil fuel emissions today, global food system emissions would cause us to exceed our 1.5 degree warming targets, unless they are slowed down. We cannot choose between food security and environmental sustainability – they are one and the same. Urgent action is needed to shift food and agriculture from a driver of climate change and biodiversity loss to a solution, with positive outcomes for producers, companies and consumers.

The good news? The global dairy company Danone is taking a big step forward by pledging to work with its farmer suppliers to reduce methane emissions from its fresh milk supply chain by 30% by 2030.

This announcement builds on past successes, with a plan to accelerate action in the years to come. It aims to achieve significant methane cuts while feeding a growing population and protecting the livelihoods of farmers around the world. And it creates a new level of ambition on methane emissions that I hope others in the food and agriculture industry will follow.

Even a large, global company can’t make this happen by itself. Danone is launching a strategic partnership with Environmental Defense Fund to support its methane reduction ambitions. Danone and EDF will work together in such areas as improved science, data and reporting standards, innovative financing models to help farmers of all sizes, and catalyzing industry and policy leadership through advocacy.

This is the first methane-specific climate pledge from a food or agriculture company. Danone’s size as a major global dairy company provides a significant opportunity for impact.

Posted in Supply Chain / Also tagged agriculture, greenhouse gasses, methane, sustainable agriculture | Comments are closed

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

By Doria Gordon / Bio / Published: June 29, 2022

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.

Posted in Carbon Market / Also tagged carbon, carbon market, ecosystems, GHG, greenhouse gasses, methane | Comments are closed

The science behind agricultural carbon markets

By Robert Parkhurst / Bio / Twitter profile / Published: May 5, 2016

Dry seeding rice reduces early season methane emissions.

There’s been a lot of recent attention on the California Air Resources Board’s (ARB) rice protocol, the first ever carbon offset protocol for crop agriculture in a compliance market.

The protocol, approved in June 2015, allows rice farmers who reduce methane emissions to become eligible for carbon credits through California’s cap-and-trade program, though growers from any rice-growing state can participate. The momentum is building. In less than one year, rice growers on more than 22,000 acres have expressed interest in the protocol – representing nearly 1 percent of all rice grown in the U.S.

When the first credits become available for purchase this summer, policymakers and regulated companies can have confidence in the rice protocol’s ability to improve climate stability, and growers can earn extra revenue, thanks to the sound science that measures emissions reductions. Here’s a primer. Read More »

Posted in Carbon Market, Climate Resilience / Also tagged agricultural offset protocol, agricultural research, arkansas, california, California Air Resources Board, carbon credit, carbon market, carbon offset, conservation, dry seeding, ecosystems, fertilizer, field studies, fossil fuel usage, greenhouse gas emissions, methane, rice, rice cultivation, soil methane, sustainable agriculture, U.S. Department of Agriculture, USDA, water consumption | Comments are closed

3 reasons food companies should track emissions from their supply chains

By Maggie Monast / Bio / Twitter profile / Published: September 17, 2015

Few professions require as close attention to the weather as farming. Extreme temperatures, floods, drought, and storms are the quickest way for a promising crop to turn into a total loss. That’s why it is surprising that a new report from the environmental data organization CDP shows food companies largely ignore their agricultural supply chains when making climate commitments. Less than 25 percent of the companies reporting greenhouse gas (GHG) data are accounting for indirect emissions from fertilizer, manure, or deforestation.

There are various reasons why so few food companies extend climate commitments to their full supply chains – global supply chains are complex and it can be difficult to trace product components back to their origins.

But failure to account for agricultural emissions is problematic. As the CDP report noted, at least 10 percent of global GHG emissions are unaccounted for, meaning food companies are lacking important insight into climate risks in their supply chains.

Here are three reasons why food companies should invest the time and energy required to take this step: Read More »

Posted in Climate Resilience, Supply Chain / Also tagged agriculture, CDP, climate change, ecosystems, farmers, fertilizer, food, food production, GHG mitigation, greenhouse gas, Smithfield Foods, supply chain, sustainable agriculture, transparency | Comments are closed

Cutting food waste to support farmers and the famished

By Peyton Johnson / Published: August 11, 2015

Surplus food at the Food Donation Connection. Photo Credit: USDA.

Food waste affects more than just our wallets. Approximately one-third of all food produced in the world gets thrown away every year, leading to 3.3 billion tons of greenhouse gas emissions. At 2.6 trillion pounds, that’s enough sustenance to feed three billion people, or almost all people living in poverty worldwide today.

That’s why, last week, when I attended a Q&A session for ag interns at the U.S. Department of Agriculture with Secretary Tom Vilsack, I was intrigued when a fellow intern asked a question regarding food sustainability and what the U.S. can do to ensure that there will be enough food to feed the 9 billion people expected to populate the world by 2050.

The Secretary’s answer? Reduce food waste.

Posted in Supply Chain / Also tagged agriculture, farm, farmers, feeding forward, food, food and agriculture organization of the united nations, food bank, food chain, food companies, food waste, greenhouse gas, grocery store, homeless shelter, poverty, produce, producers, secretary tom vilsack, supply chain, sustainability, sustainable, sustainable agriculture, teens opposing poverty, united states department of agriculture, USDA, waste no food | Read 1 Response

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

By Robert Parkhurst / Bio / Twitter profile / Published: June 25, 2015

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 »

Posted in Carbon Market, Climate Resilience, Wildlife Protection / Also tagged agriculture, Air Resources Board, california, cap and trade, carbon offset, Carbon Offsets, climate change, conservation, credit, crops, data, drought, farming, fertilizer, growers, methane, nitrous oxide, protocol, rice, rice cultivation, sustainable agriculture, water use, western water | Comments are closed

USDA’s new climate strategy is a huge step in the right direction

By Rebecca Shaw / Bio / Published: April 23, 2015

Credit: Flickr user Nicholas A. Tonelli

The U.S. Department of Agriculture just announced a new national climate strategy aimed at reducing emissions from the agriculture and forestry sectors. USDA will partner with farmers and ranchers on voluntary and incentive-based approaches to implement climate-smart agriculture techniques and programs. This approach will also ensure that crops are resilient to increasing fluctuations in weather and climates, and that farmers’ livelihoods are protected.

The new focus on ‘cooperative conservation’ is a huge step in the right direction.

America’s farmers face a challenge: increase productivity to feed a growing population, but do so in an era where climate is becoming increasingly unpredictable, with warmer growing seasons, droughts, and floods. Farmers are also called upon to increase production in a way that reduces greenhouse gas emissions. This is a tall order, given that if we continue with current farming practices agriculture could be responsible for 70 percent of the planet’s greenhouse gas emissions by 2050. Read More »

Posted in Carbon Market, Climate Resilience, Supply Chain / Also tagged agriculture, Carbon Offsets, Climate, climate change, conservation, ecosystems, farmers, fertilizer, food production, food security, GHG mitigation, nutrient efficiency, Partnerships, sustainability, sustainable agriculture, United Suppliers, USDA, White House | Comments are closed