Agricultural Groups Offer Recommendations for USDA ‘Carbon Bank’

WASHINGTON, DC – The Food and Agriculture Climate Alliance (FACA), now more than 70 members strong, has worked over the past three months to develop specific recommendations for how USDA should approach a potential carbon bank. The solution, according to the group, is a voluntary, USDA-led carbon bank that would help reduce barriers to participating in voluntary carbon markets and adopting climate-smart practices.

The recommendation includes a series of pilot projects developed by USDA, that would focus on scaling climate solutions, removing barriers to adoption, improving carbon accounting standards, and ensuring equitable opportunities.

According to the American Farm Bureau Federation (AFBF), this approach would provide the essential building blocks for a voluntary carbon bank that creates opportunities for all producers and landowners to participate in rapidly developing voluntary private markets while leveraging private investment in agricultural and forestry climate solutions.

The alliance is also actively working on in-depth tax credit policy recommendations to help ensure farmers, ranchers, and forest owners have the tools and resources they need to contribute to climate solutions and benefit from doing so. More information is available at agclimatealliance.com.
(SOURCE: All Ag News)