In Australia, Earning “Carbon Credits” is the S#it
Manure could prove farmers’ carbon cash cow
Updated June 12, 2012
It is a far cry from traditional farming techniques, but dairy farmers are being encouraged to earn carbon credits from the Federal Government by destroying cow manure.
Under the Carbon Farming Initiative, the Government says dairy producers will be able to earn carbon credits if they capture and destroy methane and other greenhouse gasses emitted by manure.
Farmers who participate in the program will cover manure ponds, then have the choice of burning and destroying the captured gas, or using it to fuel internal combustion engines to produce electricity.
Either way, they will earn carbon credits for preventing the gas from entering the atmosphere.
Pig farmers will also be able to earn credits by reducing emissions from manure.
A carbon credit is a generic term for any tradable certificate or permit representing the right to emit one tonne of carbon dioxide or the mass of another greenhouse gas with a carbon dioxide equivalent (tCO2e) equivalent to one tonne of carbon dioxide.
One “carbon credit” can be worth from $10 – 30.00 per unit. Depending on the market, and inflation…