This report by Friends of the Earth United States and the Open Markets Institute criticises US policies aimed at creating agricultural carbon markets where farmers can be paid for carbon sequestration. It argues that the scheme is unlikely to generate genuine emissions reductions because there is no cap on the emissions allowed, unlike in cap-and-trade schemes, and because the science around soil carbon sequestration is not yet fully settled. Furthermore, it notes that in some cases, farmers are paid by large companies to adopt farming practices that rely on data platforms or proprietary technology owned by those companies, potentially entrenching both their market power and “chemical-dependent” farming methods.
Read the full report, Agricultural Carbon Markets, Payments, and Data: Big Ag’s Latest Power Grab, here. See also the TABLE explainer How can we reduce food-related greenhouse gas emissions?
15 Mar 2023
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