Carbon farming: a solution to global land degradation and poverty?
In 2011, Australia first implemented its innovative Carbon Farming Initiative. Carbon farming allows farmers to earn carbon credits by sequestering carbon or reducing greenhouse gas emissions on their land, which can then be sold. Almost half of the US$429 million the Australian government is spending on the Initiative will fund research into new methods farmers and ranchers can sequester carbon and reduce emissions. The Initiative faces a few hurdles: it's unclear what the best methods of carbon sequestration are, and a chance of low-participation rates among farmers, which could lead to an overall negative outlook on the country’s carbon policy from the agricultural sector. Nonetheless, countries all over the world are watching Australia's Carbon Farming Initiative with excitement.