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.
Rice University’s Baker Institute for Public Policywebsite: https://www.bakerinstitute.org/
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