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kets that encourage clean energy fuels like biodiesel and ethanol. These new markets are flourishing overseas, because most industrialized countries are capping carbon dioxide and other pollutants that cause global warming. One of the primary alternatives to carbon-emitting fuels like oil, are bio-based fuels grown on farms.
In the US, carbon markets for agriculture have the potential to be worth $5 million each year for the next 30 to 40 years if the U.S. adopted the right policy incentives, estimates the Consortium for Agricultural Soils Mitigation of Greenhouse Gases or CASMGS. This group of nine land grant university soil scientists say agriculture could solve 20 to 40 percent of emission reductions with carbon sequestration. Biofuels are also carbon-cutters and would benefit as well from strong policy that generates carbon markets.
Right now, thousands of farmers are already starting to tap carbon markets using existing, voluntary systems. But, at contracts of $3 or less an acre, they are literally scratching the surface of potential profitability for these practices. Under the right policy, additional revenue streams would be generated for conservation tillage, forestry, grasslands and biofu
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