Farms and ranchland soils are becoming a viable GHG offset because of recent technological and political advances. Combined, these advances allow for cost effective SOC measurement and the development of offset protocols that reward producers for sequestering carbon.
Technology in data processing, algorithms, machine learning and AI has become more economical and efficient.
Where the data processing of measurement results was too complex and expensive, it is now becoming attainable. The current program design is based on proven measurement technology, but our measurement practices are dramatically more cost effective than a decade ago. Additionally, we are leveraging emerging technologies such as spectroscopy, genomics and machine learning to further drive down costs.
2. Accrual based offset protocol
We are in the process of developing an accrual based offset protocol as well as an avoided grassland conversion protocol in conjunction with a world leading protocol development firm and the Alberta government.
3. Political priority
Offsets have become a political priority due to the Paris Accord.
Canada’s commitment to meet GHG reduction targets and Alberta’s commitment to climate leadership. We see this in the number of new federal and provincial grants and programs introduced in the last 12 months.
4. Regenerative agricultural practices
Regenerative agricultural practices are gaining wider support among producers, and experimentation and studies on improving these are on the rise.
5. Demand for Organic, Ethical and Climate-Friendly Food
Consumers want to know that the food they eat is good for them and the planet, which goes hand in hand with regenerative agriculture.