Auto graveyard - Nebraska farm Photo: Glenn Meyers

The following clips come from  Matt Cawood, writing on a study from the Wentworth Group of Concerned Scientists at farmonline:

“Agricultural land could be the focus of an “economic opportunity of unparalleled scale”, according to the Wentworth Group of Concerned Scientists, which has called for a re-write of emissions trading legislation to properly recognise “terrestrial carbon”.

“In a discussion paper released earlier this week, the Group argues that by focusing on terrestrial carbon sequestration as a solution to climate change, Australia can simultaneously address many of its most pressing environmental challenges.

“Terrestrial carbon includes carbon stored in forests, woodlands, swamps, grasslands, farmland, soils, and derivatives like biochar and biofuels.

“We’re about to create a multibillion dollar terrestrial carbon market, and that has the potential to radically change our rural landscapes,” said Wentworth Group director Peter Cosier. “We have to maximise the benefits and minimise the consequences.”

“According to the paper’s introduction, global warming science now regards it as impossible to avoid dangerous climate change solely through emissions reduction. Positive change in the carbon balance can only be achieved if parallel efforts are made to remove greenhouse gases from the atmosphere.”

The Wentworth Group sees much potential for managing carbon. “At a global scale, a 15 per cent increase in the world’s terrestrial carbon stock would remove the equivalent of all the carbon pollution emitted from fossil fuels since the beginning of the industrial revolution,” the paper says.

“A recent CSIRO study that examined Australia’s capacity to sequester terrestrial carbon suggested that carbon-friendly grazing practices could be capable of storing 100 million tonnes of carbon dioxide equivalents per year (Mt Co2-e/yr) for the next 40 years.”

To review this article and related papers, go to http://qcl.farmonline.com.au/news/state/agribusiness-and-general/general/farm-carbon-offers-unparalled-economic-opportunity/1655404.aspx