Thousands of people rely on Carbon Trading to remove carbon dioxide from the air. If you want to inspire others to take climate action, a Carbon Trading subscription is a great way to reduce carbon footprint, making the perfect gift.
Agricultural carbon markets exist through privately and publicly owned companies with aim to reduce carbon emissions through trade of carbon units sequestered at the farm level. The sale of carbon credits presents an opportunity for farmers to receive financial benefits from changing to more environmentally beneficial agricultural practices, although carbon prices may not currently be high enough to cover the cost of switching practices.
Information about carbon markets can be challenging to navigate because each company typically has a different structure for payments, verification, and data ownership. This article provides a brief background about carbon markets, information about the breakeven price for carbon sequestration practices, and some questions for farmers to consider about selling carbon credits.
Australia’s de-factor carbon price – a voluntary market for carbon offsets – continues to show signs of life, with spot prices reaching new highs as big companies look to boost their climate credentials, even in the absence of strong federal policy.
The spot price of Australian Carbon Credit Units (ACCUs) recently passed $20 per tonne for the first time since the abolition of the Gillard government’s carbon price in 2014.
And, according to leading carbon market analyst firm Reputex, it could more than double in value, reaching as high as $50 per tonne by the end of the decade.
Carbon credits, or carbon offsets, are permits that allow a company to emit a certain amount of greenhouse gases. They are designed to create a financial incentive for heavy emitting businesses to pollute less.
Millions of individuals buy them to offset the CO2 emissions of various activities, such as renting a car or flying. You can give them as gifts ($4.99 per 1,000 pounds of CO2 abated at terrapass.com). At some companies they’re a significant cost, at others a major revenue source. Tesla sold $518 million of carbon credits in its latest quarter, accounting for nearly all its pre-tax profit.
Farmers of commodity crops can capture carbon in their fields by planting an extra crop in the off season or reducing their plowing. Some programs also issue environmental credits for conserving water or reducing fertilizer runoff.
Typically, farm carbon programs establish a field’s soil carbon with soil sampling and laboratory testing. Programs then estimate how much carbon is captured and stored by analyzing everything from weather and seed type to farming practices. They use data gathered by humans, satellites and sensors on farm machines.
Choose a level of climate-positive action that matches your lifestyle and complete the sign up. No strings attached, you can tell us to stop our carbon dioxide removal service for you at any time. Each year, we send you a confirmation of the amount of carbon dioxide removal you have ordered. No middle-men, no unintended side effects: easy and direct climate change solutions.
To remove CO₂ in your name, Climeworks does two things:
1) Build and install CO₂ capture plants at sequestration sites
2) Operate the CO₂ capture plants and hand over the CO₂ to our storage and monitoring partners (in Iceland this is Carbfix), who proceed with underground storage of the CO₂.
Building and installing a plant typically takes 1-2 years, the foreseen operational time of a plant is currently 10 years (and will presumably be even longer for future plants). Subject to the utilization and operation schedule of our plants, for CO₂ removal currently being subscribed for, our CO₂ removal service and the safe and permanent storage underground are completed within 5 years or earlier following the subscription date.
For comparison, this is at least 2 times faster than for typical other CO₂ removal approaches (for example, if trees are planted, it will typically take at least 10 years until the CO₂ is removed from the air, for natural mineralization processes (enhanced weathering), it might take at least an order of magnitude longer to complete CO₂ removal).
This is of course up to you! Do you want to enable the removal of some carbon dioxide to reduce your personal footprint? Good! Are you planning a long flight and want to build up some carbon dioxide “allowance” first? Even better! Do you believe that the Carbon Trading technology is surprisingly cool and deserves some more publicity? Great! Join us on the climate positive journey.
Looking for more reasons to use Carbon Trading’s climate change solutions? Here is a 1 minute movie about the importance of carbon dioxide removal. Or check out the ‘community spotlight’ with testimonials from our climate positive customers.