By Charles Kerchner
With the economic concerns, health care debate, and climate skepticism delaying any immediate action on climate change policy in Washington, the door has been left open for other climate policy proposals. The question facing farm and forest landowners during this time of uncertainty is: How can the agriculture and forestry sectors deliver GHG reduction benefits under any policy option on the table?
To date, the lion’s share of attention has been given to the cap-and-trade policy (i.e., the Waxman-Markey bill and the Kerry-Boxer bill). Under a cap-and-trade system the agriculture and forestry sectors are expected to be uncapped sectors and are expected to deliver substantial quantities of offsets to capped entities at an early stage in the game. This could represent a multi-billion dollar a year revenue stream for American foresters and farmers. However, if a cap-and-trade system is not the chosen policy, there are still opportunities under the other options being considered. Read the rest of this entry »
