October 20, 2021
Markets

Farmers offered climate credits in aspiring carbon market

Second in a two-part series. Click here for the first part.

A breakthrough initiative in the effort to bring agriculture into the fight against climate change arrived in 2019. It came not by tractor or truck, but through the launch of a new organization designed to give farmers a financial incentive to reduce their greenhouse gas emissions.

The group is called the Ecosystem Services Market Consortium (ESMC), and one of its main goals is to set up a system that rewards farmers and ranchers for adopting new technologies and methods that can cut emissions and help clean up polluted waterways.

There is “no precedent” for it, said Debbie Reed, the group’s executive director.

One early achievement was to convince some of the nation’s largest agricultural companies and food suppliers to get on board as potential contributors. It has grown to more than 70 participating members….

Read full article here: www.eenews.net