9 June 2022
The main goal of these agricultural protocols is to reduce on-farm emissions through the adoption of best management practices (BMPs), alongside providing producers with the potential benefit of earning additional revenue by selling carbon credits on the market. [...] While producers have participated in the market for quite some time, the impact of the market on Alberta agricultural producers is unknown. [...] The main objective of this paper is to understand this impact by analyzing two considerations: 1) emission reductions (or removals) from agricultural protocols; and 2) economic benefits to producers from participating in the carbon offset market. [...] After a case study of current agricultural carbon offset protocols, the results suggest producers are mainly participating for the economic benefits stemming from the adoption of BMPs, rather than the potential revenue from selling carbon credits on the market. [...] The most significant observation is that the majority of protocol emission reductions come from one protocol, the Conservation Cropping Protocol.