FACA Welcomes New Steps to Encourage Growth of Voluntary Carbon Markets

The Food and Agriculture Climate Alliance (FACA) applauds the Commodity Futures Trading Commission (CFTC) for taking steps to drive more integrity and confidence in the evolving voluntary carbon marketplace. These markets are a promising opportunity for farmers, ranchers, and forest owners across the country to access a new income stream for voluntarily adopting practices that reduce greenhouse gasses.

We appreciate Chairman Behnam’s leadership in ensuring these markets meet the needs of producers and look forward to reviewing the CFTC’s new guidance on criteria for high–quality credits. As proposed in December, this would be a major step forward for building transparency, integrity, and confidence in the marketplace.

FACA members are united in support of federal climate policy that is voluntary, grounded in science, and market-driven. See the full list of member organizations at www.agclimatealliance.com.