Search

How the private sector can boost agriculture’s role in carbon markets

For most Canadian farmers, selling carbon offsets has been a pending, abstract option. That's starting to change

Agriculture is emerging as a key sector for generating carbon offsets that will help companies and countries meet their net-zero emissions targets. Carbon markets are also a pathway to incentivize farmers to adopt practices that reduce greenhouse gas emissions and enhance carbon storage in soils and vegetation.

In Canada, Alberta farmers were the first to gain options to sell carbon offsets, back in the mid-2000s. Since then, agriculture’s role in carbon markets has evolved unevenly across the country. For most Canadian farmers, accessing carbon markets to sell carbon offsets has been a pending, abstract option. Recently, however, companies as diverse as IBM, The North Face, Boston Consulting and Barclays have signalled their willingness to invest in GHG reductions from agriculture to offset their own footprints, and regulatory frameworks now being developed suggest that the limited options for Canadian farmers to participate in carbon markets may soon multiply.

Continue Reading...