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Economic considerations for the development of a carbon farming scheme

Code: 9781801467179
Siân Mooney and Kathryn Janoski, O’Neill School of Public and Environmental Affairs, Indiana University, USA

Chapter synopsis: This chapter presents the current state of carbon markets and some of the challenges faced by individual producers, private companies and governments interested in carbon farming. The chapter identifies the two primary payment design mechanisms proposed for carbon payments and the complexities faced by individual producers navigating the requirements of the current credit markets including: lack of uniformity across markets (compliance and voluntary) and low acceptance of credits from SCS that affect finance. It also addresses design elements that affect transactions costs such as measurement, reporting and verification; the spatial scale of projects; the need for producer technical assistance and opportunities and questions surrounding compensation for other bundled attributes such as ecosystem services.

DOI: 10.19103/AS.2022.0106.26
£25.00
Table of contents 1 Introduction 2 Global potential to sequester additional soil carbon 3 Incentives to change agricultural practices: payments for carbon 4 Financial incentives and market opportunities 5 Measurement, reporting and verification 6 Producer technical assistance 7 Conclusion 8 Where to look for further information 9 References

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