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(46) Carbon Credit Payments for Landowners: Current Options and Future Potentials in Minnesota
Diomy Zamora, University of Minnesota Extension, Brainerd Regional Center, Brainerd Minnesota
Dean Current
Center for Integrated and Natural Resources and Agricultural Management, University of Minnesota St. Paul
Gary Wyatt
University of Minnesota Extension – Mankato Regional Center, Mankato Minnesota
Session: Concurrent session C2: Renewable Energy and Carbon Credits
The interest of reducing the level of greenhouse gasses in the atmosphere by various groups is escalating. Federal, state, county agencies and non-government organizations are looking for innovative ways to combat the effects of climate change through carbon sequestration activities. Carbon sequestration, the capture and secure storage of carbon that otherwise be emitted to or remain in the atmosphere, is a process that would not only lessen the magnitude of build up of carbon dioxide in the atmosphere but it also serves as a tool to provide payment to landowners for the ecological services they render. These ecological services include sequestering carbon dioxide from the atmosphere through their tree or agriculture (or grass) plantings. This presentation will focus on the current options and future potentials of carbon sequestration payments for landowners in Minnesota. It will discuss on how farmers can receive carbon credit payment when implementing perennial vegetations or employing forest or agricultural management practices in his/her property that can sequester or store carbon. Carbon markets, the role of aggregators in carbon credit trading will be discussed. Further, this presentation will also present some of the impacts of the carbon credit programming in Minnesota.
Diomy Zamora
University of Minnesota Extension
322 Laurel St. Suite 21
Brainerd, MN 56401
Phone: 218-828-2332
zamor015@umn.edu