The First Legal Step for an Agricultural Carbon Market is in the Growing Climate Solutions Act of 2021
May 2021 [21-PB 33]
John M. Crespi, Kristine TidgrenSuggested citation:
Crespi, J.M. and K. Tidgren. 2021. "The First Legal Step for an Agricultural Carbon Market is in the Growing Climate Solutions Act of 2021." Policy brief 21-PB 33. Center for Agricultural and Rural Development, Iowa State University.
Executive Summary
The Growing Climate Solutions Act of 2021 has wide bipartisan and industry support and yet has had little discussion in either the popular press or academic discussion of carbon markets. Although seemingly straightforward, the bill creates the necessary steps toward establishing an agricultural carbon market and may in hindsight be viewed as an essential step in such a market’s viability.