Tuesday, August 19, 2008

Farmers get money for capturing carbon Everett Dobrinski recently got a $4,000 check for storing carbon dioxide in his soil. Dobrinski, who farms near Makoti in northwestern North Dakota, said protecting the planet from global warming is not the primary reason he enrolled in National Farmers Union Carbon Credit Program. It's about money. "I am considerate of the environment, but I'm doing it more for my own pocketbook," Dobrinski said. "It just makes economic sense." North Dakota Farmers Union President Robert Carlson said 990 farmers and ranchers in the state got about $2.6 million last month for using no-till and other practices to capture carbon dioxide, which is widely blamed for global warming. The program pools carbon credits for sale on the Chicago Climate Exchange, a private agency that trades greenhouse gases and other pollutants just as other exchanges trade such commodities as crops and livestock. Members of the exchange, such as corporations or cities, can buy carbon credits to help offset their emissions. Producers around the country have earned $8.5 million since the voluntary program started in 2006 in North Dakota, Carlson said. About 2,300 farmers and ranchers in about 20 states are enrolled in the program, Carlson said. Enrollment has tripled in the past year, he said....

No comments: