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Would recognising soil carbon reduce Government CPRS revenue?

- Wednesday, November 18, 2009

Media commentary on the role of agriculture in the CPRS reveals considerable misunderstanding of the implications of Kyoto Protocol emission accounting rules to efforts by farmers to receive credit for carbon sequestration in agricultural soil. Adding to the complexity of this issue, a commentator has pointed out that, if the Australian Government were to recognise soil 'credits', it would have the potential to significantly reduce future Government revenue from the sale of emission permits. View the rest of the post here

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NZ agriculture to remain in ETS despite Australian proposal

- Tuesday, November 17, 2009

New Zealand Climate Change Minister Nick Smith is reported to have stated that agricultural emissions will be included in the New Zealand emissions trading scheme, despite indications from the Australian government that agricultural emissions may be excluded from the Australian scheme. View the rest of the post here

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Minister Wong offers concession on agricultural coverage.

- Saturday, November 14, 2009

The Climate Change Minister Senator Penny Wong has announced an offer to the Opposition to exclude agriculture from coverage under the CPRS, although there have not been any specific details of the offer made available, and the issue of agricultural offsets or imposing costs on agricultural emissions by other mechanisms has also not been clarified. View the rest of the post here

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US agriculture remains uneasy about climate legislation

- Friday, November 13, 2009

There are many involved in US agriculture who remain quite nervous about the potential impacts of proposed US Climate legislation on the farm sector. This is despite the relatively generous treatment proposed for the sector, which would mean no liabilities for direct farm emissions, and a broad suite of offset opportunities that could generate extra farm revenue. View the rest of the post here

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Climate change concerns cooling off

- Sunday, November 08, 2009

A number of reports and surveys released over recent weeks have identified that voter concerns about climate change, and their perceptions of the need for urgent action, are cooling. What this means for the progress of international and domestic policy measures is unclear, although it seems likely to reduce political pressure for action, especially in the short term. View the rest of the post here

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US Senate Environment committee sends Boxer-Kerry Bill to the Senate

- Friday, November 06, 2009

The US Senate's version of climate change legislation (the Boxer-Kerry Bill) has been sent by the important Senate Environment and Public Works Committee for a vote by the full US Senate, despite a boycott of proceedings by Republican members of the Committee. This is seen as an important step in process of having the Bill voted on by the US Senate, and if successful paving the way for a composite piece of legislation the could be supported by both houses of the US Congress. View the rest of the post here

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Clearing the air on livestock emissions - gross exaggerations rubbished!

- Wednesday, November 04, 2009

Over recent weeks there have been some extraordinary claims made about the significance of livestock emissions (see earlier post on Oct 28) including claims that livestock may be responsible for more than half global greenhouse emissions. These claims have now been rubbished in a detailed review by scientists at the University of California, who conclude that direct livestock emissions only account for 3% of global emissions, and that indirect livestock emissions are also substantially less than previously claimed. View the rest of the post here

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US voluntary carbon market crashes on policy uncertainty

- Monday, November 02, 2009

The US voluntary carbon market has crashed heavily, with carbon now valued at less than US$0.10 per tonne, and both main aggregators no longer signing up farmers for the scheme, according to media reports. The Chicago Climate Exchange is currently quoting 2009 and 2010 contracts at less than US$0.10 per tonne, down from US$1.50 several years ago. View the rest of the post here

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Scientists say Methane is worse than previously thought.

- Thursday, October 29, 2009

Newly released research is indicating that Methane (CH4) is a much stronger greenhouse gas than has been previously thought. The IPCC currently allocates the warming potential of methane as 21 times that of carbon dioxide, but US scientists released the results of research this week based on which they argue that the warming potential of methane is 33 times that of carbon dioxide. Given that methane is one of the main greenhouse gases arising from agriculture, this finding could have major implications for agriculture in an emissions trading environment. View the rest of the post here

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Forget coal - sheep and cattle are the real climate enemies!

- Wednesday, October 28, 2009

Forget coal fired power stations and fossil fuels, the real culprits causing human-induced climate change are farmed livestock, according to a steadily growing number of reports and commentaries. So-called 'climate change authorities' as diverse as Nicholas Stern and the US-based Worldwatch Institute are increasingly pointing the finger of blame at livestock, and suggesting vegetarianism is the quickest way to save the world.  View the rest of the post here

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