GHG Emissions, Industrial - July 24, 2020
Bayer to reward farmers for carbon sequestration practices
Bayer announced July 21 their new initiative to begin rewarding farmers in Brazil and the U.S. for generating carbon credits by adopting practices that help agriculture reduce its carbon footprint.
Such practices include things like no-till, precision nitrogen use and the use of cover crops for carbon sequestration and Bayer is pursuing these changes to help them achieve their goal of reducing field greenhouse gas emissions by 30% in 2030. Farmers participating in the Bayer Carbon Initiative will be rewarded for their best farm management practices and other sustainability efforts.
“Farmers are passionate environmentalists and stewards of the lands they farm,” Brett Begemann, Chief Operating Officer of Bayer’s Crop Science division, said in a statement. Their lives and livelihoods depend on the weather, and they are some of the first to be affected by drought, flooding and extreme conditions. If anyone has a vested interest in battling climate change, it’s farmers and we are committed to developing new business models like this unique Carbon Initiative to help them in that fight.”
The first season of the program, 2020/2021, will include approximately 1,200 farms in these regions. Farmers will receive assistance in implementing these eco-friendly practices and Bayer will purchase the carbon removals created by those practices.
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