Tuesday, June 13, 2006

Carbon credits for cow s---!


US dairy farmers are now being paid carbon credits. Darryl Vander Haak, a dairy farmer in Lynden, Washington State, and Dennis Haubenschild, from Princeton, Minnesota, were the first to be paid for capturing methane, a greenhouse gas, from manure on their farms using anaerobic digesters. “It’s one more revenue stream that helps us keep producing milk for our customers,” said Mr Vander Haak. The two dairy farmers were credited with preventing the release of over 720 tons of methane - equivalent to more than 13,000 metric tons of carbon dioxide. At current prices of $2/ton, the “carbon credits” produced by these two projects are worth more than $26,000. They will generate additional credits each year.
"American farmers deserve to be recognized for the actions they take to reduce global warming. Cash for carbon credits is a great place to start,” says Jim Jensen, of Environmental Credit Corp. (ECC), a leading supplier of environmental credits to global financial markets. ECC, a part of the Chicago Climate Exchange (CCX), worked with the farmers to certify their methane emission reductions. The CCX is the world’s first (and North America’s only) voluntary, legally binding rules-based greenhouse gas emissions allowance trading system. Manure accounts for 6.6% of total U.S. greenhouse gas emissions. Anaerobic digester technology is used to control odors, produce renewable power and organic soil treatments.
Pictured:Dairy farmer Darryl Vander Haak receives his first cheque for carbon credits from Jim Jensen of Environmental Credit Corp. (Photo: ECC)

No comments: