A newly released UF/IFAS publication, “An Overview of Carbon Markets for Florida Forest Landowners,” reviews options for forest land managers, who are seeking a new source of revenue. It comes on the heels of a June 2, 2014 U.S. Environmental Protection Agency (EPA) policy announcement.
The EPA release announced its intention to reduce CO2 emissions from the power sector by 30 percent below 2005 levels nationwide, by 2030. This directive followed the US Supreme Court’s decision, Massachusetts v. US Environmental Protection Agency in 2007, which required the EPA to regulate greenhouse gasses as air pollution under the Clean Air Act.
A key feature important to producers in this ruling is each state is allowed the flexibility to use forest carbon offsets to meet their emissions goals. The authors discuss how an individual land owner can access the carbon market, the potential for return to the grower and other relevant considerations.
Access this free publication: An Overview of Carbon Markets for Florida Forest Landowners to get a more complete understanding of this developing market and its economic potential to landowners.