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Carbon Markets Driving Price Discovery - OpenMarkets
Carbon Markets Driving Price Discovery - OpenMarkets
Organizations working to reduce emissions are increasingly turning to carbon offsets to shrink their carbon footprint. A key challenge in carbon offsetting is how to price the credits. CME Group launched the Global Emissions Offset (GEO) futures contract in 2021 with the aim of making it a global benchmark, giving customers a way to manage risk, and helping in price discovery. CME Group followed the GEO contract with the launch of Nature-based GEO futures (N-GEO) in 2021 and Core GEO futures (C-GEO) in 2022.
·cmegroup.com·
Carbon Markets Driving Price Discovery - OpenMarkets
Biden-Harris Administration Announces Historic Investment in Partnerships for 70 Climate-Smart Commodities and Rural Projects
Biden-Harris Administration Announces Historic Investment in Partnerships for 70 Climate-Smart Commodities and Rural Projects
WASHINGTON, Sept. 14, 2022 – Agriculture Secretary Tom Vilsack announced today that the Biden-Harris Administration through the U.S. Department of Agriculture is investing up to $2.8 billion in 70 selected projects under the first pool of the Partnerships for Climate-Smart Commodities funding opportunity, with projects from the second funding pool to be announced later this year.
·usda.gov·
Biden-Harris Administration Announces Historic Investment in Partnerships for 70 Climate-Smart Commodities and Rural Projects
Soil Test - microBIOMETER
Soil Test - microBIOMETER
Soil Test What is microBIOMETER®? microBIOMETER® is a 20-minute on-site soil test to determine microbial biomass and fungal to bacterial ratio. This lab grade soil test is simple to perform with rapid results. It’s faster, less expensive and more accurate than sending your soil to labs because microbes start dying once they are removed from …
·microbiometer.com·
Soil Test - microBIOMETER
Can farmers fight climate change? New U.S. law gives them billions to try
Can farmers fight climate change? New U.S. law gives them billions to try
Cutting emissions from fertilizer and livestock will be key, scientists say
$25 billion to expand and safeguard forests and promote farming practices thought to be climate friendly.
Those include no-till agriculture and “cover crops,” plants cultivated simply to protect the soil. Researchers, environmental groups, and the farm industry agree that paying and training farmers to adopt those measures will improve soil health and water and air quality. “I think pretty much everyone across the board is pretty happy,” says Haley Leslie-Bole, a climate policy analyst with the World Resources Institute. But how much these practices will slow global warming is unclear. “It’s probably going to be positive, but how positive we don’t really know yet,” says Jonathan Sanderman, a soil scientist at the Woodwell Climate Research Center. A major factor is whether the U.S. Department of Agriculture (USDA) spends the money on the practices most likely to have climate benefits. Another challenge is measuring and quantifying the reductions, a task complicated by the great diversity of U.S. land and farming practices and the complex biogeochemistry of the carbon cycle.
The new bill expands funding for those programs, allowing more farmers to get a per-acre payment for a wide range of activities expected to reduce or sequester carbon emissions, including no-till and cover crops.
Those interactions vary enormously with soil type and environmental conditions, and it can take years for the impact of changes in crop types or farming techniques to emerge.
Another reputedly climate-friendly practice is no-till farming, which is growing in popularity. By not plowing fields, farmers protect the topsoil from erosion. They also save on diesel, which benefits their bottom line and reduces carbon dioxide emissions. Crop yields can increase as carbon accumulates in the upper root zone, enriching the soil and helping it retain moisture.
Many climate advocates say the most cost-effective way to help the climate through agriculture is simply to farm less land and raise less livestock. That means persuading farmers not to convert grasslands or other carbon-rich lands to row crops such as corn and soybeans. But the bill includes no additional funding for USDA’s main program for protecting sensitive private land, the Conservation Reserve Program.
the bill also includes a special pot of $300 million for USDA and partners to collect field data on carbon sequestered and emissions reduced—data could help target future climate efforts more effectively, he and others say. “That’s really significant,” says Alison Eagle, an agricultural scientist with the Environmental Defense Fund. “This investment can help direct the next set of funding to the right place.”
The new money will expand on grants USDA recently funded, such as a 5-year project Ellen Herbert, an ecologist with Ducks Unlimited, is leading to measure carbon in wetlands across the central United States. She hopes to learn whether restoring wetlands or protecting adjacent land boosts the carbon they store. To resolve that, they’re taking unusually deep soil cores, delving to 1 meter or more. “It’s sometimes like trying to pound an aluminum tube through a brick,” Herbert says.
Also in the Midwest, agro-ecosystem scientist Bruno Basso of Michigan State University and colleagues are tracking how improved fertilizer strategies can lessen nitrous oxide emissions. In addition, they’re measuring soil carbon tucked away by perennial grasses planted on less productive parts of fields from North Dakota to Mississippi. Those grasses can be harvested for biofuels or hay—as well as cash for the carbon left by the roots—which perks up farmers’ ears, Basso says. “I say listen, you know what, there is a new crop and it’s called carbon.”
Data from the three projects will improve biogeochemical models that estimate daily fluxes of key greenhouse gases from agricultural land. One such model is DayCent, used by the Environmental Protection Agency and others for the national greenhouse gas inventory. “The accounting is not glamorous,” Himes says, “but if you don’t get that right, nothing else works.”
·science.org·
Can farmers fight climate change? New U.S. law gives them billions to try
How to Build a Geospatial Lakehouse, Part 1
How to Build a Geospatial Lakehouse, Part 1
In this first part of a 2-part series, we explore the importance of geospatial data and analysis to a range of business use cases and how a data lakehouse is the best framework for extracting valuable insights at scale.
·databricks.com·
How to Build a Geospatial Lakehouse, Part 1
Make A Difference
Make A Difference
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·terrapass.com·
Make A Difference
The Best Carbon Offset Programs for 2022
The Best Carbon Offset Programs for 2022
We researched the best carbon offset programs based on reputation, affordability, and more. Your business can offset its environmental impact with these programs.
·investopedia.com·
The Best Carbon Offset Programs for 2022
15+ Best and Popular US Carbon Offset Providers
15+ Best and Popular US Carbon Offset Providers
The carbon offset providers primarily work to reduce future emissions by investing in clean energy technologies, planting trees, or buying and compensating for the carbon emitted from emissions trading schemes. Offset providers widely vary in terms of their areas of focus and charges, and their operations are determined by their respective locations.
·conserve-energy-future.com·
15+ Best and Popular US Carbon Offset Providers