My colleague and fellow director of Healthy Soils Australia, Walter Jehne, has an excellent scheme: “The Net Emissions Reduction Incentive“ scheme or N.E.R.I. "Emitters have an option of ... offsetting their emissions ... by buying offsets generated by farmers through soil-carbon farming, whereby farmers manage their land in a regenerative, holistic, productive, resilient system that sequesters carbon as HUMUS in the soil, giving long-term food and water security."
" There would be no opportunity for carbon to be on-traded as a commodity."
Farmers are commodity marketers by nature. They are used to derivatives as a concept. The answer to every problem is not Government interference. Cooperatives don't guarantee protection from being ripped off. There is a role for stewardship payments and for Government regulation. But we are not dealing with a temporary change. We need a change in culture and tradition, a permanent shift in the relationship between humanity and nature in the way we extract our food, clothing and shelter from it. The free market drives innovation and incites entrepreneurs to develop new solutions, new technologies, new answers. Our future is bright only if bright ideas are allowed to flourish in an open market. Open minds are needed, not ancient prejudices.