President Biden’s green push is fueling a gold rush across America’s farm country as companies seek to profit from a nascent market for pollution offsets, reports BloombergQuint.
Land O’Lakes and agri-tech firms Indigo Ag and Nori LLC have all set out to sell carbon credits, produced when farmers adopt practices that reduce emissions. And more are moving in, with non-profit group Ecosystem Services Market Consortium — supported by Cargill Inc., General Mills Inc. and McDonald’s Corp. — planning to launch a national carbon market by 2022.
The Biden administration is thinking of stepping in. Biden has promised to make climate change a top priority and bring down emissions to net-zero by 2050. He ordered all agencies to come up with a whole-of-government approach to achieving the goal.
Read the full report at BloombergQuint
