President Biden’s goal of paying farmers and ranchers to help battle climate change is running into the reality of how complicated and costly it will be
President Joe Biden’s goal of paying farmers and ranchers to help battle climate change is running into the reality of how complicated and costly it will be.
President Joe Biden speaks during an event to commemorate Pride Month, in the East Room of the White House in Washington. | AP Photo/Evan Vucci, File Environmental scientists, however, are increasingly warning against relying too heavily on carbon offsets rather than cracking down on the pollution driving global warming.
The challenge for the Biden administration is figuring out how to provide tempting enough incentives to an entire industry to change how it operates — especially one that’s historically been resistant to change coming from inside the Beltway. Another barrier is scale. Today, a mid- to large-scale farmer who decides to start generating carbon credits might sequester a few hundred tons of carbon. One ton is equal to one credit.
“It’s much easier to make progress by resetting the alphabet soup of conservation programs than by intervening in a still-emerging marketplace where it’s hard to measure the size and scale of the widgets being produced,” Faber said.
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