Carbon Corner: American Power Act, The Opportunity for US Agriculture

Biofuels Digest
May 20, 2010
By Biofuels Digest correspondent Rick Gilmore

US carbon regulation, as proposed in the American Power Act , offers an opportunity for producers as well as other operators in the American agricultural value chain, to appreciate a significant net revenue gain.

• Reduce GHGs by 17 % below 2005 levels by 2020, 80 % by 2050
• US farmers are exempt from carbon caps and will be able to participate in a domestic carbon offset market, which would create a “multi-billion dollar revenue stream”.
• Allows for 2 billion offsets; 1.5 billion credits from domestically sourced projects
• Domestic agricultural and forestry carbon credits are expected to make up the bulk of the US offset program

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