Lone Star Prize

Texas Carbon Market: The Key to Environment, Economy and Resilience

Rice University’s Baker Institute for Public Policy

Rice University’s Baker Institute Center for Energy Studies will transform the environment by implementing a soil carbon storage market--growing new economic opportunities, soil health and ecosystem restoration benefits for Texans.

Project Factsheet
Two-page overview of proposal
Competition Participation
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Lone Star Prize
Subject
Climate Change & Environment
Current Work Location(s):
  • Hale County, Texas, United States
  • Chambers County, Texas, United States
  • Matagorda County, Texas, United States
  • Travis County, Texas, United States
  • Harris County, Texas, United States
  • Vermont, United States
  • North Dakota, United States
  • New Mexico, United States
  • Colorado, United States
  • Texas, United States
Priority Population(s):
  • Indigenous peoples
  • Economically disadvantaged people
  • Farmers
Sustainable Development Goals (SDGs):
  • 8. Decent work and economic growth
  • 12. Responsible consumption and production
  • 13. Climate action

Executive Summary

The global challenge of climate change requires a portfolio of solutions, and soil carbon storage has a crucial role in this portfolio. Existing approaches to soil carbon transactions have restrictions preventing a deep, robust market from developing. We are creating the Texas Carbon Market, paying landowners for removing carbon dioxide (CO2) from the atmosphere and storing it as soil organic matter, bringing significant soil health and ecosystem restoration benefits to grasslands. This Texan approach integrates three elements: (1) a non-profit, soil carbon storage certification entity known as BCarbon (2), scholars engaged in economics, policy and soil science research at Rice University, and (3) an extensive, diverse group of stakeholders comprised of landowners, corporations, policymakers and non-profits. Our solution, reduced atmospheric CO2 through improved soils, has positive impacts on agricultural and industrial sectors, provides billions of dollars to rural communities while triggering the largest grassland conservation program in US history.

Organization Details
Lead Organization

Rice University’s Baker Institute for Public Policy

website: https://www.bakerinstitute.org/
Organization Headquarters
Texas, United States
Organization ID
74-1109620
Annual Operating Budget
$10.1 to 25 Million
Number of Full-time Employees
51 to 100
Type
Non-profit

Charity, fund, non-governmental organization, religious institution, school, or other entity