Helena Bottemiller Evich and Ryan McCrimmon of POLITICO write about the Biden administration’s plans to pay farmers for carbon sequestration and the complications of enacting this strategy.
- While well-intentioned, carbon markets face practical challenges to being effective tools for carbon mitigation.
- It can prove difficult to accurately measure how much greenhouse gas is being sequestered by a plot of land.
- While Congress and the administration are taking a step in the right direction by empowering farmers and landowners voluntarily in a strategy to combat climate change, greater transparency in pricing and advancements in technology are needed to accurately determine the effectiveness of carbon markets.
Read the full article here.