UNDERSTANDING EVOLVING CARBON MARKETS: HOW AGRICULTURE ‘FITS’ Debbie Reed Coalition on...
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Transcript of UNDERSTANDING EVOLVING CARBON MARKETS: HOW AGRICULTURE ‘FITS’ Debbie Reed Coalition on...
UNDERSTANDING EVOLVING CARBON MARKETS:HOW AGRICULTURE ‘FITS’
Debbie Reed
Coalition on Agricultural Greenhouse Gases (C-AGG)
June 17, 2010Washington, DCAgriculture & Carbon Markets: Making Carbon Count
Coalition on Agricultural Greenhouse Gases (C-AGG)
Multi-stakeholder initiative Seeks to advance agricultural GHG
mitigation solutions to benefit society, ag sector
Policy approaches to integrate GHG emissions abatement for ag with food/feed/fiber/fuel production and natural resource management
Incentive-based, market-based approaches that meet market demands, farming realities
Tap innovation, ingenuity
Coalition on Agricultural Greenhouse Gases (C-AGG)
C-AGG Report releaseApril, 2010 (V.1):
Carbon and Agriculture:Getting Measurable Results
www.c-agg.org
Agriculture’s Fit in C MarketsKey sector for political and technical path to
successful C mitigation programs Challenges:
Complexity of managed biological ecosystems Managing C and N cycles to retain nutrients MRV: balancing certainty, costs “Farming First”: Policies must balance
market, environmental assurances with ease of use, access: “farmer-friendly interface”
Agriculture’s Fit in C MarketsKey issues C-AGG has identified relative to
agricultural participation in C markets: Incentivizing and rewarding performance
(science-based) MRV: balancing certainty, costs
Ongoing data needs, R&D Permanence: durability, liability, fungibility
Managing risks of losses, reversals Of course: baselines, additionality,
leakage, metrics for measurement
Ag’s Access to C Markets
Key Issues to be Addressed: Match Climate Needs to Agricultural Realities, Needs
Policy Approaches: Certainty Demand/need – no false promises Economics/value – opportunities outweigh
costs Protocol development, road-tests Access, aggregation Opportunities across sector USDA institutional framework, development
C-AGG: future activities
Case studies: make issues “hang” Pilot projects – public/private
cooperation? Intensity-based metrics, approaches Scenarios for the future:
Caps? Voluntary Program Programmatic Approaches Other?