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Posted on 12/02/2010 11:19:09 AM PST by Ernest_at_the_Beach
The last fertilizer trading market, at the Chicago Climate Exchange, died and closed due to nobody wanting to buy the brand of fertilizer they were selling. Besides that example, I have to think this might not fare any better, simply because farmers really don’t want yet another intrusion into their lives by the Maryland Department of the Environment.
Image: Tiny Farm Blog - click for more
From the University of Maryland:
Rewarding Eco-Friendly Farmers Can Help Combat Climate Change
UMD Study Advises State on Creation of ‘Nutrient Trading Market’
COLLEGE PARK, Md. – Financially rewarding farmers for using the best fertilizer management practices can simultaneously benefit water quality and help combat climate change, finds a new study by the University of Maryland’s Center for Integrative Environmental Research (CIER).
The researchers conclude that setting up a “trading market,” where farmers earn financial incentives for investing in eco-friendly techniques, would result in a double environmental benefit – reducing fertilizer run-off destined for the Chesapeake Bay, while at the same time capturing carbon dioxide headed for the atmosphere.
The study, Multiple Ecosystem Markets in Maryland, advises the state’s Department of the Environment how to set up a “nutrient trading market,” as proposed in the 2008 state climate action plan. This nutrient trading would operate alongside markets that sell carbon dioxide credits. The CIER study examines the effects of operating both markets simultaneously.
In these markets, farmers who reduce pollutants below a set level would earn credits. They would sell these credits to other operators, such as sewage and water treatment facilities or power plants that have difficulty meeting environmental targets. No direct government subsidies would be involved.
(Excerpt) Read more at wattsupwiththat.com ...
Sheesh, yet another proposed trading scam from Wall Street.
Naw, this is hardly “another” ~ it’s UNIQUE ~ a real market in BS!
Break your Scott’s addiction and go Lesco (now owned by John Deere). It’s better and costs much less at the John Deere stores.
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