Possibilities of Agricultural Producers for Participation in the Carbon Credit Trading

R. NIKOLOV

Abstract: Scientists around the world began raising the idea of “global climate change” more than 40 years ago, when manmade changes to the atmosphere first began to be recognized. There are multiple factors causing climate change, many of which are human-induced, including deforestation, urbanization, emissions from burning fossil fuels, and industrial agriculture. Changes in climate have seen exponential growth as both natural and man-made factors build upon one another. Some agriculture production practices, have significant potential to reduce warming effect, and generate financial benefits for farmers. Conservation agricultural systems have been successfully developed for many different regions of the world. Sequestration of soil organic carbon by farmers can provide an environmental commodity that benefits all of society through the mitigation of greenhouse gases. Early markets have shown that carbon offsets from conservation agriculture can be quantified, verified and traded. Carbon credit trading will provide an economic opportunity for farmers to adopt these ecologically based approaches to farming.

Keywords: carbon credits; carbon sequestration; carbon trade; conservation agriculture

Date published: 2024-09-05