A Houston-based non-profit organization, BCarbon, issued their first international soil carbon credits that using farmland to remove carbon in the atmosphere in the UK.
BCarbon was formed by a soil carbon working group of the Baker Institute at Rice University in 2020. It partnered with Futures Carbon Bank, a British investment platform promoting carbon farming, to sell credits on the voluntary carbon market.
Carbon farming is a method that captures and stores in the soil through planting cover crops. Farmers in the UK are encouraged to grow cover crops between the regular food crop rotation. They can help to sequester carbon from the atmosphere without disturbing the soil through tillage.
“We believe that nature-based carbon trading will be a major part of the economy of the future,” said Jim Blackburn, a board member of BCarbon.
Carbon credit trading is expected to hit $50 billion by 2030. By developing carbon farming around the world, many hidden carbon credits could be discovered in the future. RELX, a global information-based analytics company, just bought the first tons of carbon credits. The credits were verified by BCarbon and generated by a farm in Yorkshire, UK.