The government has today (Thursday 30 March) responded to calls
from the farming sector for more support to open up multi-billion
pound opportunities for farmers and landowners in the carbon
market through a commitment to develop a new harmonised approach
for measuring on farm emissions.
The announcement, from the government’s Net Zero Growth Plan
and Nature Markets
Framework, follows on from a call for
evidence on the role of robust monitoring, reporting and
verification of greenhouse gas emissions on farms.
Whilst there are already numerous tools on the market for farmers
to assess their emissions, inconsistency in the results has led
to low confidence from industry and low uptake.
By developing a harmonised methodology and setting out by 2024
how farmers will be supported to measure their emissions, the
government can help the agricultural sector reduce emissions
across the supply chain – including from livestock, nutrient
management, and farm equipment.
Farming Minister said:
As well as producing food for our tables, farmers and land
managers can play a key role in helping the UK achieve net zero.
We’ve been listening to the farming sector, and the measures
announced today will not only help them to calculate their carbon
footprint, but also open up new financial opportunities, such as
combining private commercial opportunities with our new farming
schemes support.
There is also a huge opportunity for farmers to access private
sector funding for delivering positive outcomes for nature, which
is why the government is also accelerating the growth of these
nature markets through the Nature Markets Framework.
The framework will support nature markets to grow in a way that
makes them fair, effective and accessible to farmers. Alongside
this, the Green Finance Institute will develop an online toolkit
to help farmers identify and access private payments for
environmental benefits.
The government is also looking at how farmers can be given better
advice to access nature markets, by supporting farmers to access
advice through the Landscape Recovery development phase and are
looking at how we facilitate collaboration through Countryside
Stewardship.
This will help farmers to access the more than £1 billion per
year that the government is seeking to raise in private finance
for nature’s recovery by 2030, and build on the projects which
are already in place
The measures will complement the existing support that the
government has in place to help the agricultural sector reach net
zero. This includes support through Environmental Land Management
schemes to reduce greenhouse gas emissions from farms.