Carbon credits are only one of the many benefits of carbon farming: Taiwan Ministry of Agriculture seeks collaboration with corporate sector in ESG in financing sustainable farming
April 26, 2024 | Agri-Harvest, Taiwan |
Taiwan's Ministry of Agriculture (MOA) highlights the challenges and opportunities in agricultural carbon credits. While the credits are lauded for their role in offsetting emissions, their implementation faces hurdles due to high costs and lengthy processes, particularly for farmers. However, MOA emphasizes the broader benefits of agricultural practices beyond carbon sequestration, such as biodiversity conservation and food security.
Efforts are underway to collaborate with businesses on ESG projects to promote natural carbon sequestration, aligning with Taiwan's goal of achieving net-zero emissions by 2040. Initiatives include exploring biochar fertilizers and voluntary emission reduction projects, such as alternate wetting and drying irrigation for rice paddies. These steps aim to enhance carbon sequestration in agriculture while addressing the challenges of climate change.
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