However, there are some similarities about what practice changes are deemed credible.Ĭertain criteria need to be met for a carbon credit to count. There is no regulated market in PA – so the standards, value, and quality in credit offerings will vary. A company will then sell those "offsets" to other companies to mitigate/decrease their carbon footprint or, in a few cases, keep the credits for their own offset. For carbon credits, this is incentivized through a change in agricultural practices relative to a baseline of farm history or commonly applied practice for a given area.Ī credit is a quantifiable amount of carbon sequestered in the soil – usually by acre. In simplest terms, carbon-sequestering takes carbon dioxide (CO 2) out of the air and stores it in the soil via plants and organic material. The total global soil organic carbon pool is estimated to be over 1.7 trillion tons, over three times that of the atmospheric carbon pool (1). Soils can potentially sink 60 to 86 billion tons of carbon, although attainable measures may be closer to half to two-thirds of that number. This economic opportunity merits some attention. ![]() The global market in 2016 of $200 million is expected to exceed $1 billion in 2022. ![]() ![]() Penn State Extension is here to guide farmers in evaluating the risk and rewards of entering into an agreement. Pennsylvanians, both Farmers and Forest Owners, will find themselves presented with an opportunity to receive compensation (cash or other value such as seed/fertilizer) for carbon sequestration over the next year.
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