Climate Legislation: Senate Ag Committee Hearing
Reuters writer Charles Abbott reported yesterday that, “U.S. farmers and foresters could earn more money from carbon contracts than they pay in higher costs from legislation to control greenhouse gases, the Agriculture Department estimated on Wednesday.
“In the near term, most of the money would go to people who plant trees to lock carbon in the soil or enroll woodlands as carbon sinks. Relatively small amounts would be generated by changes in tillage or crops.”