Autumn 2022: Upsides, offsides, blindsides: considerations for an ag offsets market

Autumn 2022: Upsides, offsides, blindsides: considerations for an ag offsets market

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A pathway towards net zero greenhouse gas (GHG) emissions is practically impossible without environmental offsets of some kind. While there is now significant effort and investment in reducing GHG emissions at source, there will always be some emissions which are too difficult or too costly to reduce. The environmental impact of those unavoidable emissions can be negated if the equivalent amount of carbon dioxide is removed from the atmosphere, through activity additional to what would have occurred otherwise. This action is called an offset – and agriculture has been identified as a significant source of potential offsets.

So, what does this mean for the agricultural sector? How will the potential benefits of providing offsets be realised, if indeed there are benefits available? What possible pitfalls should the industry consider?

Published 12 Apr 2022

Soil carbon increase is a worthwhile goal in farm-business management. It can improve ecosystem services, productivity resilience, and may help to diversify income streams. Barriers to increasing carbon are dependent more on practicable methods to increase the carbon while maintaining productivity and profitability, than by measurement. Australia has an advanced…

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