Search
Standardizing of carbon credits an opportunity to bring money into agriculture

June 05, 2024 | Teagasc | Source

The EU's upcoming carbon removals and carbon farming (CRCF) regulations present significant opportunities for Irish agriculture, according to David Dolan, Nuffield Scholar and dairy farmer. Speaking on the Teagasc Signpost Series webinar, Dolan highlighted key findings from his international study on net-zero emissions farming. He noted the lack of standardized frameworks for carbon credits in Irish agriculture, but praised the EU's efforts to develop a voluntary framework for carbon removals, which could benefit small and medium-sized businesses, including farms.

By 2030, one tonne of carbon could be worth €100, rising to €200 by 2045. Dolan emphasized that the EU's standardization of carbon credits could attract new investments into Irish agriculture. He also highlighted the need for more sophisticated accounting systems to integrate innovative greenhouse gas reduction approaches, such as renewable energy production and afforestation, within the agricultural sector. Dolan recommended enhancing the National Inventory Report's data accuracy and developing a long-term plan to support farmers' investments. Additionally, he suggested establishing a carbon baseline program and a carbon insetting bank to facilitate carbon trading within Irish agriculture.

Viewed Articles
Standardizing of carbon credits an opportunity to bring money into agriculture
June 05, 2024 | Teagasc | Source | The EU's upcoming carbon removals and carbon farming (CRCF) regulations present significant opportunities for Irish agriculture, according to David Dolan, Nuffie
Read More
Climate change threatens agriculture, agricultural system seeks solutions in linking resources across domains
August 15, 2024 | ctee.com.tw, Taiwan | Climate change continues to significantly impact agriculture, prompting the Ministry of Agriculture (MOA) to strengthen collaborations across sectors. Recently,
Taiwan's Agricultural Carbon Neutrality Efforts to Achieve Net-Zero Emissions by 2040
October 23, 2024 | Moneyweekly | (in Chinese)The "Toward 2040 Net-Zero in Agriculture: Natural Carbon Sequestration and ESG Strategy Forum", co-hosted by the International Climate Development Institut
Japan's role in driving digital and green transformation in Mekong Delta
February 16, 2025 | Voice of Vietnam (VOV) | Japan is playing a key role in Vietnam’s digital and green transformation of rice farming in the Mekong Delta. Through the “One Million Hectares of High-Qu
IRRI and Kubota partner up on experiment to reduce GHG emissions
February 2, 2025 | International Rice Research Institute (IRRI) |  The International Rice Research Institute (IRRI) and Kubota Corporation have launched a field experiment to evaluate strategies for r
Bursa Malaysia Debuts Malaysia’s First Nature-Based Carbon Credits
September 4, 2024 | carboncredits.com | On July 25, Bursa Malaysia’s subsidiary, Bursa Carbon Exchange (BCX), held Malaysia’s first carbon credits auction, featuring Nature-based Carbon Credits Plus (
TOP