Two Dentons clients were recognised for their innovation and leadership with respect to carbon-reduction activities during the recent North American Carbon World conference, the pre-eminent conference on policy issues with respect to climate change.
The American Carbon Registry, a subsidiary of Winrock International, is one of the registries used in the California AB 32 programme and presented three awards this year for innovative activities to reduce greenhouse gases.
Both clients and the awards they received relate to involvement in new measures to sequester carbon from agricultural activities.
- Terra Global Capital, based in San Francisco, wrote the protocol for reduction in methane emissions from rice farming. Terra has crafted a formula that accounts for multiple variables in the California Central Valley region and the mid-south region of the US. Terra is now recruiting rice growers to follow the protocol to earn carbon offset credits. The California Air Resources Board recently proposed to list the protocol as eligible to create compliance offset credits for use in the AB 32 cap and trade programme.
- The Delta Institute, based in Chicago, has a long history of working with farmers and foresters, principally in the Midwest, to earn carbon credits from conservation activities. Delta is working with the Climate Trust and the Electric Power Research Institute (EPRI) to demonstrate a new protocol developed by EPRI and Michigan State University. Delta was recognised for its design and work in recruiting farmers to use the new protocol for fertilisers on corn crops to reduce the emissions of nitrous oxides.
Both nitrous oxides and methane are recognised as potent greenhouse gases and both protocols rely on aggregating many agricultural lands to generate substantial carbon offsets.
Dentons has been retained by both Terra and Delta to prepare the contracts for use with the farmers who agree to use these protocols. Through these agreements, the farmers will earn carbon credits that can be monetised.