Waxman-Markey and Carbon Offsets- Background
Last Thursday, the House Energy and Commerce Committee passed the Waxman-Markey climate change bill.
One of the many concerns agricultural stakeholders have with the legislation is the lack of a defined role for farmers on the carbon sequestration issue. For example, National Corn Growers Pres. Bob Dickey indicated last week that, “After reviewing the legislation, we can see the bill does not clearly provide for a mechanism by which corn growers can sell carbon credits on the market.” Likewise, American Farm Bureau Federation Pres. Bob Stallman noted last week that, “We have consistently advocated that any cap-and-trade bill must: recognize and support the benefits agriculture can provide…”